https://www.taxtmi.com/caselaws?id=379300 The Tribunal set aside the penalty imposed under section 271(1)(c) of the I.T. Act, 1961 for A.Y. 2008-2009 due to the Assessing Officer's failure to specify the grounds for penalty initiation in the show cause notice. Relying on legal precedents, the Tribunal emphasized the necessity of procedural compliance and invalidated the penalty, highlighting the importance of clearly outlining the reasons for penalty initiation to ensure fair and lawful proceedings. en-us Mon, 29 Apr 2019 00:00:00 +0530 Wed, 01 May 2019 06:36:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379300 The Tribunal set aside the penalty imposed under section 271(1)(c) of the I.T. Act, 1961 for A.Y. 2008-2009 due to the Assessing Officer's failure to specify the grounds for penalty initiation in the show cause notice. Relying on legal precedents, the Tribunal emphasized the necessity of procedural compliance and invalidated the penalty, highlighting the importance of clearly outlining the reasons for penalty initiation to ensure fair and lawful proceedings. Case-Laws Income Tax Mon, 29 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379300