https://www.taxtmi.com/caselaws?id=279938 The Tribunal canceled the penalty imposed under section 271(1)(c) of the Income Tax Act, as the notice issued by the Assessing Officer did not specify the grounds for initiating penalty proceedings, rendering the initiation unlawful. The Tribunal ruled in favor of the assessee, citing a Karnataka High Court decision, and deleted the penalty confirmed by the CIT(A). en-us Thu, 31 May 2018 00:00:00 +0530 Thu, 11 Apr 2019 20:36:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279938 The Tribunal canceled the penalty imposed under section 271(1)(c) of the Income Tax Act, as the notice issued by the Assessing Officer did not specify the grounds for initiating penalty proceedings, rendering the initiation unlawful. The Tribunal ruled in favor of the assessee, citing a Karnataka High Court decision, and deleted the penalty confirmed by the CIT(A). Case-Laws Income Tax Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279938