https://www.taxtmi.com/caselaws?id=275048 The ITAT Delhi ruled in favor of the assessee, cancelling the penalty imposed under section 271(1)(c) of the IT Act for A.Y. 2010-2011. The tribunal deemed the show cause notice issued by the A.O. as insufficient for not specifying grounds for penalty initiation, leading to the penalty being revoked and the assessee's appeal being granted. en-us Wed, 16 May 2018 00:00:00 +0530 Sun, 16 Sep 2018 18:22:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275048 The ITAT Delhi ruled in favor of the assessee, cancelling the penalty imposed under section 271(1)(c) of the IT Act for A.Y. 2010-2011. The tribunal deemed the show cause notice issued by the A.O. as insufficient for not specifying grounds for penalty initiation, leading to the penalty being revoked and the assessee's appeal being granted. Case-Laws Income Tax Wed, 16 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275048