https://www.taxtmi.com/caselaws?id=385326 The Tribunal allowed the appeal, finding the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 invalid and void ab initio. The notice lacked specificity on the grounds for penalty, violating principles of natural justice. The penalty was deemed unjustified due to defects in the notice and the application of deeming provisions without concealment or inaccurate particulars of income. The Tribunal directed the Assessing Officer to delete the penalty, with the order pronounced on 19th August 2019. en-us Mon, 19 Aug 2019 00:00:00 +0530 Tue, 03 Sep 2019 08:08:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385326 The Tribunal allowed the appeal, finding the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 invalid and void ab initio. The notice lacked specificity on the grounds for penalty, violating principles of natural justice. The penalty was deemed unjustified due to defects in the notice and the application of deeming provisions without concealment or inaccurate particulars of income. The Tribunal directed the Assessing Officer to delete the penalty, with the order pronounced on 19th August 2019. Case-Laws Income Tax Mon, 19 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385326