https://www.taxtmi.com/caselaws?id=372817 The tribunal held that the penalty notice was defective as it did not specify the grounds for imposing the penalty under section 271(1)(c) of the Income Tax Act. Consequently, all penalties imposed were deemed invalid, and the penalties on the assessee were canceled. Emphasizing the importance of a clear notice, the tribunal directed the Assessing Officer to delete the penalty, ruling in favor of the assessee based on principles of natural justice and procedural fairness. en-us Wed, 26 Dec 2018 00:00:00 +0530 Mon, 31 Dec 2018 07:35:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372817 The tribunal held that the penalty notice was defective as it did not specify the grounds for imposing the penalty under section 271(1)(c) of the Income Tax Act. Consequently, all penalties imposed were deemed invalid, and the penalties on the assessee were canceled. Emphasizing the importance of a clear notice, the tribunal directed the Assessing Officer to delete the penalty, ruling in favor of the assessee based on principles of natural justice and procedural fairness. Case-Laws Income Tax Wed, 26 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372817