https://www.taxtmi.com/caselaws?id=378329 The Tribunal allowed the assessee's appeal, canceling the penalty of Rs. 43,260 imposed under section 271(1)(c) of the Income Tax Act. The penalty was deemed invalid as the Assessing Officer failed to specify the nature of the offense in the notice, following legal precedents emphasizing the importance of clarity in penalty notices. The Tribunal referenced relevant case law and concluded that the penalty proceedings lacked specificity, leading to the cancellation of the penalty order. en-us Wed, 10 Apr 2019 00:00:00 +0530 Sat, 13 Apr 2019 05:57:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378329 The Tribunal allowed the assessee's appeal, canceling the penalty of Rs. 43,260 imposed under section 271(1)(c) of the Income Tax Act. The penalty was deemed invalid as the Assessing Officer failed to specify the nature of the offense in the notice, following legal precedents emphasizing the importance of clarity in penalty notices. The Tribunal referenced relevant case law and concluded that the penalty proceedings lacked specificity, leading to the cancellation of the penalty order. Case-Laws Income Tax Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378329