https://www.taxtmi.com/caselaws?id=378427 The Tribunal dismissed the Revenue's appeal and allowed the Assessee's Cross Objection, canceling the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961. The penalty proceedings were deemed unsustainable due to defects in the show cause notice issued under Section 274, which failed to clearly specify the charges against the Assessee. The decision was rendered on April 3, 2019. en-us Wed, 03 Apr 2019 00:00:00 +0530 Sat, 13 Apr 2019 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378427 The Tribunal dismissed the Revenue's appeal and allowed the Assessee's Cross Objection, canceling the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961. The penalty proceedings were deemed unsustainable due to defects in the show cause notice issued under Section 274, which failed to clearly specify the charges against the Assessee. The decision was rendered on April 3, 2019. Case-Laws Income Tax Wed, 03 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378427