https://www.taxtmi.com/caselaws?id=274751 The Tribunal allowed the Assessee's appeal against the confirmation of penalties under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal held that the penalty imposition was not justified as the show cause notice did not clearly specify the charge, following precedents from Karnataka and Bombay High Courts. Consequently, the penalties were canceled, and all of the Assessee's appeals were allowed. en-us Wed, 05 Apr 2017 00:00:00 +0530 Sat, 01 Sep 2018 05:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274751 The Tribunal allowed the Assessee's appeal against the confirmation of penalties under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal held that the penalty imposition was not justified as the show cause notice did not clearly specify the charge, following precedents from Karnataka and Bombay High Courts. Consequently, the penalties were canceled, and all of the Assessee's appeals were allowed. Case-Laws Income Tax Wed, 05 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274751