https://www.taxtmi.com/caselaws?id=377656 The Tribunal allowed the appeals of the assesses, emphasizing the necessity of clear and specific penalty notices under the IT Act. The Tribunal found the penalty notice invalid due to inappropriate words not being struck off, leading to the cancellation of penalties imposed under section 271(1)(c). It highlighted the importance of ensuring the validity of penalty notices and specifying the charge for penalties, ultimately directing the Assessing Officer to cancel the penalties. en-us Thu, 28 Mar 2019 00:00:00 +0530 Tue, 02 Apr 2019 07:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377656 The Tribunal allowed the appeals of the assesses, emphasizing the necessity of clear and specific penalty notices under the IT Act. The Tribunal found the penalty notice invalid due to inappropriate words not being struck off, leading to the cancellation of penalties imposed under section 271(1)(c). It highlighted the importance of ensuring the validity of penalty notices and specifying the charge for penalties, ultimately directing the Assessing Officer to cancel the penalties. Case-Laws Income Tax Thu, 28 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377656