https://www.taxtmi.com/caselaws?id=383239 The Tribunal held that the penalty proceedings were invalid due to a defective show-cause notice under section 274. Consequently, the penalty imposed under section 271(1)(c) was canceled, and the appeal of the assessee was allowed. The judgment emphasized the importance of clear and specific grounds in penalty notices to uphold principles of natural justice and ensure valid penalty proceedings. en-us Wed, 17 Jul 2019 00:00:00 +0530 Thu, 18 Jul 2019 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383239 The Tribunal held that the penalty proceedings were invalid due to a defective show-cause notice under section 274. Consequently, the penalty imposed under section 271(1)(c) was canceled, and the appeal of the assessee was allowed. The judgment emphasized the importance of clear and specific grounds in penalty notices to uphold principles of natural justice and ensure valid penalty proceedings. Case-Laws Income Tax Wed, 17 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383239