https://www.taxtmi.com/caselaws?id=379897 The Tribunal allowed the appeal of the assessee, holding that the penalty imposed under Section 271(1)(c) was unsustainable due to a defective show cause notice that lacked specificity regarding the charge. The penalty of Rs. 93,060, representing 100% of the tax sought to be evaded, was canceled, and the decision was pronounced on 6th May, 2019. en-us Mon, 06 May 2019 00:00:00 +0530 Thu, 09 May 2019 06:30:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379897 The Tribunal allowed the appeal of the assessee, holding that the penalty imposed under Section 271(1)(c) was unsustainable due to a defective show cause notice that lacked specificity regarding the charge. The penalty of Rs. 93,060, representing 100% of the tax sought to be evaded, was canceled, and the decision was pronounced on 6th May, 2019. Case-Laws Income Tax Mon, 06 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379897