https://www.taxtmi.com/caselaws?id=375015 The Tribunal allowed the appellant's appeal, ruling in favor of the assessee and canceling the penalty imposed under section 271(1)(c) for the Assessment Year 2013-14. The penalty was deemed unsustainable due to the lack of specificity in the notice, following the view expressed by the Hon'ble Karnataka High Court emphasizing the importance of a clear and specific notice under section 274. The Tribunal held that the penalty imposed by the Assessing Officer and confirmed by the CIT(A) was unsustainable and therefore deleted, in line with legal precedents supporting the requirement for a specific charge in penalty notices. en-us Fri, 08 Feb 2019 00:00:00 +0530 Wed, 13 Feb 2019 06:09:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375015 The Tribunal allowed the appellant's appeal, ruling in favor of the assessee and canceling the penalty imposed under section 271(1)(c) for the Assessment Year 2013-14. The penalty was deemed unsustainable due to the lack of specificity in the notice, following the view expressed by the Hon'ble Karnataka High Court emphasizing the importance of a clear and specific notice under section 274. The Tribunal held that the penalty imposed by the Assessing Officer and confirmed by the CIT(A) was unsustainable and therefore deleted, in line with legal precedents supporting the requirement for a specific charge in penalty notices. Case-Laws Income Tax Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375015