https://www.taxtmi.com/caselaws?id=374244 The Tribunal found that the notice issued under section 271(1)(c) of the Income Tax Act was invalid as it did not clearly specify the grounds for the penalty, violating principles of natural justice. Citing relevant case law, the Tribunal canceled the penalty imposed by the Assessing Officer. The Commissioner of Income Tax (Appeals)'s deletion of the penalty was upheld on appeal, with the Tribunal emphasizing the necessity for clear and specific grounds in penalty notices. The Tribunal dismissed the Revenue's appeal and upheld the cancellation of the penalty, with the decision pronounced on January 25, 2019. en-us Fri, 25 Jan 2019 00:00:00 +0530 Tue, 29 Jan 2019 07:31:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374244 The Tribunal found that the notice issued under section 271(1)(c) of the Income Tax Act was invalid as it did not clearly specify the grounds for the penalty, violating principles of natural justice. Citing relevant case law, the Tribunal canceled the penalty imposed by the Assessing Officer. The Commissioner of Income Tax (Appeals)'s deletion of the penalty was upheld on appeal, with the Tribunal emphasizing the necessity for clear and specific grounds in penalty notices. The Tribunal dismissed the Revenue's appeal and upheld the cancellation of the penalty, with the decision pronounced on January 25, 2019. Case-Laws Income Tax Fri, 25 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374244