https://www.taxtmi.com/caselaws?id=383338 The Tribunal allowed the appeal, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act for Assessment Year 2011-12. The Tribunal held that the penalty notice issued by the Assessing Officer was defective as it did not clearly specify the grounds for penalty imposition, rendering it invalid. Emphasizing the necessity of clear and specific notices in penalty proceedings, the Tribunal canceled the penalty, highlighting the importance of procedural fairness and adherence to legal requirements in such cases. en-us Fri, 19 Jul 2019 00:00:00 +0530 Mon, 22 Jul 2019 08:19:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383338 The Tribunal allowed the appeal, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act for Assessment Year 2011-12. The Tribunal held that the penalty notice issued by the Assessing Officer was defective as it did not clearly specify the grounds for penalty imposition, rendering it invalid. Emphasizing the necessity of clear and specific notices in penalty proceedings, the Tribunal canceled the penalty, highlighting the importance of procedural fairness and adherence to legal requirements in such cases. Case-Laws Income Tax Fri, 19 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383338