https://www.taxtmi.com/caselaws?id=376777 The Tribunal held that the penalty proceedings under section 271(1)(c) were invalid due to the lack of proper satisfaction and specificity in the penalty notice. The penalty imposed was based on a disallowance of income, but the AO failed to frame a specific charge against the assessee, violating their right to defend. As the notice did not specify the nature of the penalty, the Tribunal ruled in favor of the assessee, deleting the penalty imposed. The decision was pronounced on 08th March, 2019. en-us Fri, 08 Mar 2019 00:00:00 +0530 Sat, 16 Mar 2019 08:23:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376777 The Tribunal held that the penalty proceedings under section 271(1)(c) were invalid due to the lack of proper satisfaction and specificity in the penalty notice. The penalty imposed was based on a disallowance of income, but the AO failed to frame a specific charge against the assessee, violating their right to defend. As the notice did not specify the nature of the penalty, the Tribunal ruled in favor of the assessee, deleting the penalty imposed. The decision was pronounced on 08th March, 2019. Case-Laws Income Tax Fri, 08 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376777