https://www.taxtmi.com/caselaws?id=379568 The Appellate Tribunal ITAT DELHI allowed the appeal, canceling the penalty imposed under section 271(1)(c) of the I.T. Act, 1961. The Tribunal held that the show cause notice's failure to specify the relevant limb of Section 271(1)(c) rendered the penalty proceedings invalid. Relying on judicial precedents emphasizing the necessity of proper specification in such notices, the Tribunal concluded that the penalty was not sustainable. Consequently, the penalty against the Assessee was canceled based on legal principles and consistent legal interpretations, ensuring compliance with statutory provisions. en-us Wed, 01 May 2019 00:00:00 +0530 Sat, 04 May 2019 06:19:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379568 The Appellate Tribunal ITAT DELHI allowed the appeal, canceling the penalty imposed under section 271(1)(c) of the I.T. Act, 1961. The Tribunal held that the show cause notice's failure to specify the relevant limb of Section 271(1)(c) rendered the penalty proceedings invalid. Relying on judicial precedents emphasizing the necessity of proper specification in such notices, the Tribunal concluded that the penalty was not sustainable. Consequently, the penalty against the Assessee was canceled based on legal principles and consistent legal interpretations, ensuring compliance with statutory provisions. Case-Laws Income Tax Wed, 01 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379568