https://www.taxtmi.com/caselaws?id=376675 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to delete the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961. The decision was based on the invalidity of the penalty notice, which failed to specify the exact charge, following precedents emphasizing the necessity for clear and specific notices. The judgment highlighted the importance of specificity in penalty notices for ensuring fairness and adherence to principles of natural justice. en-us Fri, 08 Mar 2019 00:00:00 +0530 Wed, 13 Mar 2019 09:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376675 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to delete the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961. The decision was based on the invalidity of the penalty notice, which failed to specify the exact charge, following precedents emphasizing the necessity for clear and specific notices. The judgment highlighted the importance of specificity in penalty notices for ensuring fairness and adherence to principles of natural justice. Case-Laws Income Tax Fri, 08 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376675