https://www.taxtmi.com/caselaws?id=387120 The ITAT, Delhi C-Bench canceled the penalties imposed under section 271(1)(c) of the Income Tax Act due to the Assessing Officer's failure to clearly specify the limb under which the penalty proceedings were initiated in the show cause notices. Relying on judicial precedents and legal principles emphasizing the necessity of precise communication in penalty notices, the penalties were deemed invalid. The Assessee's arguments, supported by relevant case laws, led to the cancellation of penalties, highlighting the importance of clear specification in penalty proceedings. en-us Fri, 11 Oct 2019 00:00:00 +0530 Wed, 16 Oct 2019 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387120 The ITAT, Delhi C-Bench canceled the penalties imposed under section 271(1)(c) of the Income Tax Act due to the Assessing Officer's failure to clearly specify the limb under which the penalty proceedings were initiated in the show cause notices. Relying on judicial precedents and legal principles emphasizing the necessity of precise communication in penalty notices, the penalties were deemed invalid. The Assessee's arguments, supported by relevant case laws, led to the cancellation of penalties, highlighting the importance of clear specification in penalty proceedings. Case-Laws Income Tax Fri, 11 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387120