https://www.taxtmi.com/caselaws?id=363946 The tribunal allowed the appeal, condoned the filing delay, and canceled the penalty imposed under Section 271(1)(c) due to a defective penalty show cause notice under Section 274. The decision was based on the requirement for clarity in the notice and the principle favoring the assessee when two views are available. The tribunal emphasized the significance of the notice in penalty proceedings and directed the penalty's cancellation. en-us Wed, 18 Jul 2018 00:00:00 +0530 Fri, 20 Jul 2018 05:47:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363946 The tribunal allowed the appeal, condoned the filing delay, and canceled the penalty imposed under Section 271(1)(c) due to a defective penalty show cause notice under Section 274. The decision was based on the requirement for clarity in the notice and the principle favoring the assessee when two views are available. The tribunal emphasized the significance of the notice in penalty proceedings and directed the penalty's cancellation. Case-Laws Income Tax Wed, 18 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363946