https://www.taxtmi.com/caselaws?id=274008 The Tribunal dismissed the Revenue's appeal against the deletion of a penalty of Rs. 11,68,082/- imposed under Section 271(1)(c) of the Income Tax Act for A.Y. 2011-12. The Tribunal held that the notice issued by the Assessing Officer was defective as it did not specify the charge against the assessee, following the precedent set by the Hon'ble Karnataka High Court. Consequently, the penalty imposition was invalidated, and the appeal was dismissed, canceling the penalty amount. en-us Wed, 13 Dec 2017 00:00:00 +0530 Tue, 24 Jul 2018 10:00:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274008 The Tribunal dismissed the Revenue's appeal against the deletion of a penalty of Rs. 11,68,082/- imposed under Section 271(1)(c) of the Income Tax Act for A.Y. 2011-12. The Tribunal held that the notice issued by the Assessing Officer was defective as it did not specify the charge against the assessee, following the precedent set by the Hon'ble Karnataka High Court. Consequently, the penalty imposition was invalidated, and the appeal was dismissed, canceling the penalty amount. Case-Laws Income Tax Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274008