https://www.taxtmi.com/caselaws?id=381166 The penalty under section 271(1)(c) of the I.T. Act, 1961 was canceled as the show cause notice did not specify the charge for which the penalty could be levied, rendering it invalid. The ITAT, Delhi SMC-Bench held that discrepancies between the notice and the charge invalidate penalty proceedings. The failure to specify the charge in the notice was deemed a ground for canceling the penalty, following decisions of the Hon'ble Karnataka High Court and the Hon'ble Supreme Court. The penalty was canceled, and the appeal of the assessee was allowed. en-us Mon, 03 Jun 2019 00:00:00 +0530 Wed, 05 Jun 2019 09:30:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381166 The penalty under section 271(1)(c) of the I.T. Act, 1961 was canceled as the show cause notice did not specify the charge for which the penalty could be levied, rendering it invalid. The ITAT, Delhi SMC-Bench held that discrepancies between the notice and the charge invalidate penalty proceedings. The failure to specify the charge in the notice was deemed a ground for canceling the penalty, following decisions of the Hon'ble Karnataka High Court and the Hon'ble Supreme Court. The penalty was canceled, and the appeal of the assessee was allowed. Case-Laws Income Tax Mon, 03 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381166