https://www.taxtmi.com/caselaws?id=376619 The tribunal held that the penalty imposed under section 271(1)(c) of the Income Tax Act was invalid due to a vague notice lacking specificity on the grounds for penalty. Emphasizing the importance of a specific charge to enable the assessee to defend adequately, the tribunal deemed the penalty void ab initio and illegal. Consequently, the penalty was deleted, following established legal principles requiring clear notification of charges in penalty notices. The tribunal's decision on 08/03/2019 allowed all appeals, stressing the necessity of complying with legal principles and ensuring fair treatment of the assessee in penalty proceedings. en-us Fri, 08 Mar 2019 00:00:00 +0530 Wed, 13 Mar 2019 09:16:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376619 The tribunal held that the penalty imposed under section 271(1)(c) of the Income Tax Act was invalid due to a vague notice lacking specificity on the grounds for penalty. Emphasizing the importance of a specific charge to enable the assessee to defend adequately, the tribunal deemed the penalty void ab initio and illegal. Consequently, the penalty was deleted, following established legal principles requiring clear notification of charges in penalty notices. The tribunal's decision on 08/03/2019 allowed all appeals, stressing the necessity of complying with legal principles and ensuring fair treatment of the assessee in penalty proceedings. Case-Laws Income Tax Fri, 08 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376619