https://www.taxtmi.com/caselaws?id=379962 The Tribunal held that the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961 could not be sustained due to the defective show cause notice that lacked specificity in specifying the charge against the assessee. Consequently, the penalty was canceled, and the assessee's appeal was allowed. en-us Tue, 07 May 2019 00:00:00 +0530 Fri, 10 May 2019 07:59:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379962 The Tribunal held that the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961 could not be sustained due to the defective show cause notice that lacked specificity in specifying the charge against the assessee. Consequently, the penalty was canceled, and the assessee's appeal was allowed. Case-Laws Income Tax Tue, 07 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379962