https://www.taxtmi.com/caselaws?id=373430 The tribunal allowed the appeal, deleting the penalty of Rs. 5,00,000 imposed under section 271(1)(c) due to the invalidity of the notice issued by the AO. The tribunal emphasized the necessity of clear and specific charges in penalty notices to uphold natural justice principles. Other arguments challenging the penalty levy were not addressed, as the notice was found to be deficient. The appeal against the penalty for Assessment Year 2007-08 was successful. en-us Thu, 10 Jan 2019 00:00:00 +0530 Sat, 12 Jan 2019 07:01:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373430 The tribunal allowed the appeal, deleting the penalty of Rs. 5,00,000 imposed under section 271(1)(c) due to the invalidity of the notice issued by the AO. The tribunal emphasized the necessity of clear and specific charges in penalty notices to uphold natural justice principles. Other arguments challenging the penalty levy were not addressed, as the notice was found to be deficient. The appeal against the penalty for Assessment Year 2007-08 was successful. Case-Laws Income Tax Thu, 10 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373430