https://www.taxtmi.com/caselaws?id=375086 The case involved an appeal against a penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, related to disallowed car expenses. The Assessing Officer issued a show cause notice, which lacked specificity on the penalty provision. Following legal precedent, the Tribunal held the notice invalid, leading to the cancellation of the penalty. The judgment emphasized the necessity of a specific show cause notice for penalty initiation under Section 271(1)(c) to ensure procedural fairness and compliance with legal standards. en-us Tue, 12 Feb 2019 00:00:00 +0530 Thu, 14 Feb 2019 06:20:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375086 The case involved an appeal against a penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, related to disallowed car expenses. The Assessing Officer issued a show cause notice, which lacked specificity on the penalty provision. Following legal precedent, the Tribunal held the notice invalid, leading to the cancellation of the penalty. The judgment emphasized the necessity of a specific show cause notice for penalty initiation under Section 271(1)(c) to ensure procedural fairness and compliance with legal standards. Case-Laws Income Tax Tue, 12 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375086