https://www.taxtmi.com/caselaws?id=278540 The tribunal allowed the appeal, quashing the penalty imposed under section 271(1)(c) for the Assessment Year 2011-12. The decision was based on the lack of specificity in the show cause notice, as per legal precedents emphasizing the necessity for clear charges to be specified. The tribunal highlighted that penalty proceedings must be distinct from assessment proceedings, requiring specific charges and adherence to principles of natural justice. The ruling underscored the importance of procedural fairness and legal compliance in penalty imposition under the Income Tax Act. en-us Mon, 15 Feb 2016 00:00:00 +0530 Tue, 12 Feb 2019 07:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278540 The tribunal allowed the appeal, quashing the penalty imposed under section 271(1)(c) for the Assessment Year 2011-12. The decision was based on the lack of specificity in the show cause notice, as per legal precedents emphasizing the necessity for clear charges to be specified. The tribunal highlighted that penalty proceedings must be distinct from assessment proceedings, requiring specific charges and adherence to principles of natural justice. The ruling underscored the importance of procedural fairness and legal compliance in penalty imposition under the Income Tax Act. Case-Laws Income Tax Mon, 15 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278540