https://www.taxtmi.com/caselaws?id=381224 The appeal was allowed, and the penalty imposed under section 271(1)(c) of the I.T. Act, 1961 was cancelled. The Judicial Member found the show cause notice to be defective for not specifying the limb of Section 271(1)(c) under which the penalty proceedings were initiated, following precedents from the Hon'ble Karnataka High Court and the Hon'ble Supreme Court. The consistent views of ITAT Delhi Benches in similar cases led to the cancellation of penalties, resulting in a ruling in favor of the Assessee. en-us Tue, 04 Jun 2019 00:00:00 +0530 Thu, 06 Jun 2019 10:09:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381224 The appeal was allowed, and the penalty imposed under section 271(1)(c) of the I.T. Act, 1961 was cancelled. The Judicial Member found the show cause notice to be defective for not specifying the limb of Section 271(1)(c) under which the penalty proceedings were initiated, following precedents from the Hon'ble Karnataka High Court and the Hon'ble Supreme Court. The consistent views of ITAT Delhi Benches in similar cases led to the cancellation of penalties, resulting in a ruling in favor of the Assessee. Case-Laws Income Tax Tue, 04 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381224