https://www.taxtmi.com/caselaws?id=377921 The Tribunal allowed the appeal, canceling the penalty imposed under section 271(1)(c) of the Income Tax Act for the assessment year 2014-15. The decision was based on the inadequacy of the show cause notice, emphasizing the importance of natural justice principles in penalty proceedings. The Tribunal referred to precedents from various High Courts and set aside the penalty imposed by the Assessing Officer, ultimately ruling in favor of the appellant. en-us Wed, 03 Apr 2019 00:00:00 +0530 Fri, 05 Apr 2019 08:58:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377921 The Tribunal allowed the appeal, canceling the penalty imposed under section 271(1)(c) of the Income Tax Act for the assessment year 2014-15. The decision was based on the inadequacy of the show cause notice, emphasizing the importance of natural justice principles in penalty proceedings. The Tribunal referred to precedents from various High Courts and set aside the penalty imposed by the Assessing Officer, ultimately ruling in favor of the appellant. Case-Laws Income Tax Wed, 03 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377921