https://www.taxtmi.com/caselaws?id=385420 The Tribunal set aside the penalty imposed under Section 271(1)(c) of the I.T. Act for the assessment year 2013-2014, citing the deficiency in the Assessing Officer's notice that failed to specify the grounds for penalty initiation. Relying on legal precedents emphasizing the importance of clarity in such notices, the Tribunal concluded that the penalty proceedings were vitiated due to the lack of specificity. Consequently, the Tribunal canceled the penalty, allowing the appeal of the assessee based on the principles of natural justice and legal requirements for penalty imposition. en-us Mon, 02 Sep 2019 00:00:00 +0530 Thu, 05 Sep 2019 07:32:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385420 The Tribunal set aside the penalty imposed under Section 271(1)(c) of the I.T. Act for the assessment year 2013-2014, citing the deficiency in the Assessing Officer's notice that failed to specify the grounds for penalty initiation. Relying on legal precedents emphasizing the importance of clarity in such notices, the Tribunal concluded that the penalty proceedings were vitiated due to the lack of specificity. Consequently, the Tribunal canceled the penalty, allowing the appeal of the assessee based on the principles of natural justice and legal requirements for penalty imposition. Case-Laws Income Tax Mon, 02 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385420