https://www.taxtmi.com/caselaws?id=372322 The Tribunal allowed the appeal, finding the penalty proceedings under Section 271(1)(c) invalid due to the Assessing Officer's failure to specify the exact charge in the notice. The penalty of Rs. 16,00,000 was deleted based on this procedural error, and the merits of the penalty were not addressed. The decision was pronounced on 06.12.2018. en-us Thu, 06 Dec 2018 00:00:00 +0530 Fri, 21 Dec 2018 05:49:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372322 The Tribunal allowed the appeal, finding the penalty proceedings under Section 271(1)(c) invalid due to the Assessing Officer's failure to specify the exact charge in the notice. The penalty of Rs. 16,00,000 was deleted based on this procedural error, and the merits of the penalty were not addressed. The decision was pronounced on 06.12.2018. Case-Laws Income Tax Thu, 06 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372322