https://www.taxtmi.com/caselaws?id=368166 The Tribunal allowed the appeal, emphasizing the necessity of a specific charge in the notice for penalty proceedings under section 271(1)(c) and held that the penalty based on a notice lacking specificity is not sustainable. The decision highlighted the importance of following the view favorable to the assessee in case of conflicting interpretations, ultimately canceling the penalty levied by the Assessing Officer. en-us Mon, 01 Oct 2018 00:00:00 +0530 Wed, 03 Oct 2018 08:22:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368166 The Tribunal allowed the appeal, emphasizing the necessity of a specific charge in the notice for penalty proceedings under section 271(1)(c) and held that the penalty based on a notice lacking specificity is not sustainable. The decision highlighted the importance of following the view favorable to the assessee in case of conflicting interpretations, ultimately canceling the penalty levied by the Assessing Officer. Case-Laws Income Tax Mon, 01 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368166