https://www.taxtmi.com/caselaws?id=386969 The Tribunal allowed the Assessee's appeal, canceling the penalty imposed under section 271(1)(c) of the I.T. Act for A.Y. 2010-2011. The Tribunal held that the lack of specificity in the show cause notice, failing to specify the nature of the penalty imposed, rendered the notice defective and the penalty unjustified. Relying on legal precedents, the Tribunal emphasized the necessity of clarity in initiating penalty proceedings, ultimately ruling in favor of the Assessee and setting aside the penalty orders of the lower authorities. en-us Fri, 04 Oct 2019 00:00:00 +0530 Mon, 14 Oct 2019 09:49:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386969 The Tribunal allowed the Assessee's appeal, canceling the penalty imposed under section 271(1)(c) of the I.T. Act for A.Y. 2010-2011. The Tribunal held that the lack of specificity in the show cause notice, failing to specify the nature of the penalty imposed, rendered the notice defective and the penalty unjustified. Relying on legal precedents, the Tribunal emphasized the necessity of clarity in initiating penalty proceedings, ultimately ruling in favor of the Assessee and setting aside the penalty orders of the lower authorities. Case-Laws Income Tax Fri, 04 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386969