https://www.taxtmi.com/caselaws?id=383671 The Tribunal allowed the appeals filed by the assessee, holding that the penalty notices issued under Section 274 read with Section 271(1)(c) were defective for not specifying the exact charge. Consequently, the penalty imposed under Section 271(1)(c) was canceled. The Tribunal based its decision on the principle that when there are two views on an issue, the view favorable to the assessee should be adopted. en-us Wed, 24 Jul 2019 00:00:00 +0530 Mon, 29 Jul 2019 08:20:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383671 The Tribunal allowed the appeals filed by the assessee, holding that the penalty notices issued under Section 274 read with Section 271(1)(c) were defective for not specifying the exact charge. Consequently, the penalty imposed under Section 271(1)(c) was canceled. The Tribunal based its decision on the principle that when there are two views on an issue, the view favorable to the assessee should be adopted. Case-Laws Income Tax Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383671