https://www.taxtmi.com/caselaws?id=374661 The tribunal found the penalty of Rs. 2,10,000/- under Section 271(1)(c) of the Income Tax Act unsustainable due to lack of clarity in the grounds for penalty, defective show cause notices, absence of recorded satisfaction, failure to distinguish between incorrect claims and furnishing inaccurate particulars, violation of natural justice principles, and inadequate consideration of factual matrix and evidence. The appeal was allowed, and the penalty was canceled on 04-02-2019. en-us Mon, 04 Feb 2019 00:00:00 +0530 Wed, 06 Feb 2019 07:23:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374661 The tribunal found the penalty of Rs. 2,10,000/- under Section 271(1)(c) of the Income Tax Act unsustainable due to lack of clarity in the grounds for penalty, defective show cause notices, absence of recorded satisfaction, failure to distinguish between incorrect claims and furnishing inaccurate particulars, violation of natural justice principles, and inadequate consideration of factual matrix and evidence. The appeal was allowed, and the penalty was canceled on 04-02-2019. Case-Laws Income Tax Mon, 04 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374661