https://www.taxtmi.com/caselaws?id=380429 The Tribunal found the penalty notice issued by the Assessing Officer under section 271(1)(c) of the Income Tax Act, 1961 to be invalid due to lack of clarity on the grounds for penalty. Citing various judicial precedents, including the Hon'ble Supreme Court's ruling, the Tribunal canceled the penalty imposed by the Assessing Officer and allowed the assessee's appeal. en-us Fri, 17 May 2019 00:00:00 +0530 Tue, 21 May 2019 07:06:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380429 The Tribunal found the penalty notice issued by the Assessing Officer under section 271(1)(c) of the Income Tax Act, 1961 to be invalid due to lack of clarity on the grounds for penalty. Citing various judicial precedents, including the Hon'ble Supreme Court's ruling, the Tribunal canceled the penalty imposed by the Assessing Officer and allowed the assessee's appeal. Case-Laws Income Tax Fri, 17 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380429