https://www.taxtmi.com/caselaws?id=365204 The Tribunal held that the notice issued under Section 274 read with Section 271(1)(c) of the Income Tax Act was defective as it did not specify the charge against the assessee, rendering the penalty proceedings invalid. The Tribunal canceled the penalty of Rs. 1,15,671/- imposed for A.Y 2010-11, emphasizing the necessity of clarity in show cause notices. The decision followed the principle that in case of differing views, the one favoring the assessee should be adopted. The appeal was allowed, setting aside the penalty imposed. en-us Fri, 10 Aug 2018 00:00:00 +0530 Sun, 12 Aug 2018 14:37:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365204 The Tribunal held that the notice issued under Section 274 read with Section 271(1)(c) of the Income Tax Act was defective as it did not specify the charge against the assessee, rendering the penalty proceedings invalid. The Tribunal canceled the penalty of Rs. 1,15,671/- imposed for A.Y 2010-11, emphasizing the necessity of clarity in show cause notices. The decision followed the principle that in case of differing views, the one favoring the assessee should be adopted. The appeal was allowed, setting aside the penalty imposed. Case-Laws Income Tax Fri, 10 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365204