https://www.taxtmi.com/caselaws?id=392339 The tribunal quashed the penalty of Rs. 74,310 imposed under section 271(1)(c) due to the AO's failure to specify the charge in the 'Show Cause' notice, thereby violating the mandate of section 274(1). The appeal of the assessee was allowed, and the penalty was set aside. The tribunal refrained from addressing the merits of the case as the penalty was quashed for lack of jurisdiction. en-us Thu, 06 Feb 2020 00:00:00 +0530 Tue, 18 Feb 2020 12:53:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392339 The tribunal quashed the penalty of Rs. 74,310 imposed under section 271(1)(c) due to the AO's failure to specify the charge in the 'Show Cause' notice, thereby violating the mandate of section 274(1). The appeal of the assessee was allowed, and the penalty was set aside. The tribunal refrained from addressing the merits of the case as the penalty was quashed for lack of jurisdiction. Case-Laws Income Tax Thu, 06 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392339