https://www.taxtmi.com/caselaws?id=383339 The Tribunal allowed the appeal, canceling the penalty order for the Assessment Year 2011-12. It held that the penalty notice issued by the Assessing Officer was invalid as it did not clearly specify the grounds for penalty under section 271(1)(c) of the Income Tax Act. The Tribunal emphasized the importance of clarity in such notices, citing relevant case laws and precedents. By admitting the additional ground raised by the assessee and ruling in their favor, the Tribunal ensured the assessee's right to contest proceedings effectively and upheld legal principles in penalty proceedings. en-us Fri, 19 Jul 2019 00:00:00 +0530 Mon, 22 Jul 2019 08:19:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383339 The Tribunal allowed the appeal, canceling the penalty order for the Assessment Year 2011-12. It held that the penalty notice issued by the Assessing Officer was invalid as it did not clearly specify the grounds for penalty under section 271(1)(c) of the Income Tax Act. The Tribunal emphasized the importance of clarity in such notices, citing relevant case laws and precedents. By admitting the additional ground raised by the assessee and ruling in their favor, the Tribunal ensured the assessee's right to contest proceedings effectively and upheld legal principles in penalty proceedings. Case-Laws Income Tax Fri, 19 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383339