https://www.taxtmi.com/caselaws?id=379557 The Tribunal allowed the appeal challenging the penalty under section 271(1)(c) of the Income-tax Act, 1961 for AY 2014-15. The penalty was contested on the grounds of a defective show cause notice that failed to specify the charge against the assessee. Relying on precedents, including decisions by the Hon'ble Karnataka High Court, the Tribunal held that the penalty imposition was unsustainable due to the flawed notice. The penalty imposed and confirmed by the Ld. CIT(A) was deemed invalid, leading to its cancellation. The Tribunal upheld the decision to delete the penalty, resolving the issue in favor of the appellant. en-us Tue, 30 Apr 2019 00:00:00 +0530 Sat, 04 May 2019 06:16:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379557 The Tribunal allowed the appeal challenging the penalty under section 271(1)(c) of the Income-tax Act, 1961 for AY 2014-15. The penalty was contested on the grounds of a defective show cause notice that failed to specify the charge against the assessee. Relying on precedents, including decisions by the Hon'ble Karnataka High Court, the Tribunal held that the penalty imposition was unsustainable due to the flawed notice. The penalty imposed and confirmed by the Ld. CIT(A) was deemed invalid, leading to its cancellation. The Tribunal upheld the decision to delete the penalty, resolving the issue in favor of the appellant. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379557