https://www.taxtmi.com/caselaws?id=385421 The Appellate Tribunal allowed the appeals of the Assessees, canceling the penalty under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal held that the penalty proceedings were vitiated due to the ambiguity in the show cause notices issued by the Assessing Officer, which failed to specify the exact nature of the penalty being imposed. Citing legal precedents, including judgments from the Karnataka High Court and the Delhi High Court, the Tribunal concluded that the lack of clarity rendered the penalty illegal, leading to the cancellation of the penalty. en-us Mon, 02 Sep 2019 00:00:00 +0530 Thu, 05 Sep 2019 07:32:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385421 The Appellate Tribunal allowed the appeals of the Assessees, canceling the penalty under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal held that the penalty proceedings were vitiated due to the ambiguity in the show cause notices issued by the Assessing Officer, which failed to specify the exact nature of the penalty being imposed. Citing legal precedents, including judgments from the Karnataka High Court and the Delhi High Court, the Tribunal concluded that the lack of clarity rendered the penalty illegal, leading to the cancellation of the penalty. Case-Laws Income Tax Mon, 02 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385421