https://www.taxtmi.com/caselaws?id=373837 The Income Tax Appellate Tribunal (ITAT) invalidated the penalty order imposed under Section 271(1)(c) of the Income Tax Act, 1961, amounting to Rs. 2,75,275. The ITAT ruled that the Assessing Officer's failure to specify the exact default for which the penalty was imposed rendered the penalty order void ab initio. Additionally, the ITAT found that the penalty proceedings violated principles of natural justice as the Show Cause Notice lacked specificity and clarity, depriving the assessee of a fair opportunity to defend against the penalty. Consequently, the ITAT allowed the assessee's appeal and set aside the penalty order. en-us Thu, 17 Jan 2019 00:00:00 +0530 Mon, 21 Jan 2019 09:43:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373837 The Income Tax Appellate Tribunal (ITAT) invalidated the penalty order imposed under Section 271(1)(c) of the Income Tax Act, 1961, amounting to Rs. 2,75,275. The ITAT ruled that the Assessing Officer's failure to specify the exact default for which the penalty was imposed rendered the penalty order void ab initio. Additionally, the ITAT found that the penalty proceedings violated principles of natural justice as the Show Cause Notice lacked specificity and clarity, depriving the assessee of a fair opportunity to defend against the penalty. Consequently, the ITAT allowed the assessee's appeal and set aside the penalty order. Case-Laws Income Tax Thu, 17 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373837