https://www.taxtmi.com/caselaws?id=386238 The Tribunal held that the penalty imposed under section 271(1)(c) of the Income Tax Act for Assessment Year 2014-15 was invalid due to the lack of specificity in the notice regarding the charge. Citing legal precedents, the Tribunal emphasized that penalties must be based on specific charges to comply with natural justice principles. As a result, the penalty was deemed void ab initio and was directed to be deleted, highlighting the importance of clear and specific charges in penalty notices for fairness and legal compliance. en-us Fri, 20 Sep 2019 00:00:00 +0530 Tue, 15 Oct 2019 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386238 The Tribunal held that the penalty imposed under section 271(1)(c) of the Income Tax Act for Assessment Year 2014-15 was invalid due to the lack of specificity in the notice regarding the charge. Citing legal precedents, the Tribunal emphasized that penalties must be based on specific charges to comply with natural justice principles. As a result, the penalty was deemed void ab initio and was directed to be deleted, highlighting the importance of clear and specific charges in penalty notices for fairness and legal compliance. Case-Laws Income Tax Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386238