https://www.taxtmi.com/caselaws?id=385605 The Tribunal allowed the appeal, canceling the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, for Assessment Year 2012-13. The penalty was deemed unsustainable due to a defective show-cause notice that did not specify the exact charge against the assessee, violating principles of natural justice. Relying on the precedent set by the Karnataka High Court, the Tribunal concluded that the vague notice rendered the penalty invalid. Consequently, the appeal was allowed, and the stay petition was dismissed as infructuous. en-us Wed, 04 Sep 2019 00:00:00 +0530 Tue, 10 Sep 2019 06:02:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385605 The Tribunal allowed the appeal, canceling the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, for Assessment Year 2012-13. The penalty was deemed unsustainable due to a defective show-cause notice that did not specify the exact charge against the assessee, violating principles of natural justice. Relying on the precedent set by the Karnataka High Court, the Tribunal concluded that the vague notice rendered the penalty invalid. Consequently, the appeal was allowed, and the stay petition was dismissed as infructuous. Case-Laws Income Tax Wed, 04 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385605