https://www.taxtmi.com/caselaws?id=377764 The Tribunal found that the penalty imposed under Section 271(1)(c) of the Income Tax Act was invalid due to a defective statutory notice issued under Section 274. The notice failed to specify the exact charge against the assessee, as required by judicial precedents. Relying on the principle favoring the assessee when two views are possible, the Tribunal canceled the penalty of Rs. 65,180/-, originally imposed by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals). The assessee's appeal was allowed, and the order was pronounced on 29.03.2019. en-us Fri, 29 Mar 2019 00:00:00 +0530 Wed, 03 Apr 2019 07:10:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377764 The Tribunal found that the penalty imposed under Section 271(1)(c) of the Income Tax Act was invalid due to a defective statutory notice issued under Section 274. The notice failed to specify the exact charge against the assessee, as required by judicial precedents. Relying on the principle favoring the assessee when two views are possible, the Tribunal canceled the penalty of Rs. 65,180/-, originally imposed by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals). The assessee's appeal was allowed, and the order was pronounced on 29.03.2019. Case-Laws Income Tax Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377764