https://www.taxtmi.com/caselaws?id=393571 The tribunal allowed the appeal of the assessee, deleting the penalty imposed under section 271(1)(c) of the Income Tax Act. The tribunal held that the notice issued by the Assessing Officer lacked specificity, failing to clearly state the grounds for penalty imposition as required by law. Emphasizing the importance of clear and specific allegations, the tribunal ruled in favor of the assessee based on legal principles outlined in a previous judgment and distinguished the case from a cited tribunal order. The decision was pronounced on January 30, 2020. en-us Thu, 30 Jan 2020 00:00:00 +0530 Thu, 19 Mar 2020 11:10:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393571 The tribunal allowed the appeal of the assessee, deleting the penalty imposed under section 271(1)(c) of the Income Tax Act. The tribunal held that the notice issued by the Assessing Officer lacked specificity, failing to clearly state the grounds for penalty imposition as required by law. Emphasizing the importance of clear and specific allegations, the tribunal ruled in favor of the assessee based on legal principles outlined in a previous judgment and distinguished the case from a cited tribunal order. The decision was pronounced on January 30, 2020. Case-Laws Income Tax Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393571