https://www.taxtmi.com/caselaws?id=379895 The ITAT set aside the CIT(A)'s penalty order imposed under Section 271(1)(c) of the Income Tax Act, 1961, due to the deficiency in the penalty notice specifying the relevant provisions. Relying on precedents and the principle of favorability to the assessee, the ITAT canceled the penalty, emphasizing the importance of clear communication in penalty notices for the validity of penalties. en-us Mon, 06 May 2019 00:00:00 +0530 Thu, 09 May 2019 06:30:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379895 The ITAT set aside the CIT(A)'s penalty order imposed under Section 271(1)(c) of the Income Tax Act, 1961, due to the deficiency in the penalty notice specifying the relevant provisions. Relying on precedents and the principle of favorability to the assessee, the ITAT canceled the penalty, emphasizing the importance of clear communication in penalty notices for the validity of penalties. Case-Laws Income Tax Mon, 06 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379895