https://www.taxtmi.com/caselaws?id=380395 The Tribunal set aside the penalty imposed under section 271(1)(c) due to the failure to specify the nature of default in the notice. Emphasizing procedural compliance, the Tribunal directed the Assessing Officer to cancel the penalty entirely, highlighting the importance of clearly stating the basis for the penalty. The appeal was allowed, and the penalty was deemed invalid, focusing on legal requirements rather than the merits of the case. en-us Thu, 16 May 2019 00:00:00 +0530 Fri, 17 May 2019 22:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380395 The Tribunal set aside the penalty imposed under section 271(1)(c) due to the failure to specify the nature of default in the notice. Emphasizing procedural compliance, the Tribunal directed the Assessing Officer to cancel the penalty entirely, highlighting the importance of clearly stating the basis for the penalty. The appeal was allowed, and the penalty was deemed invalid, focusing on legal requirements rather than the merits of the case. Case-Laws Income Tax Thu, 16 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380395