https://www.taxtmi.com/caselaws?id=393720 The Tribunal set aside the penalty imposed under section 271(1)(c) of the I.T. Act, 1961 for A.Y. 2009-2010, as the Assessing Officer failed to specify the grounds for initiating penalty proceedings in the show cause notices. Citing legal precedents, including decisions from the Hon'ble Karnataka High Court and the Hon'ble Delhi High Court, the Tribunal concluded that the defective notice rendered the penalty proceedings invalid. Consequently, the Tribunal canceled the penalty, ruling in favor of the Assessee. en-us Tue, 28 Jan 2020 00:00:00 +0530 Sat, 21 Mar 2020 12:15:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393720 The Tribunal set aside the penalty imposed under section 271(1)(c) of the I.T. Act, 1961 for A.Y. 2009-2010, as the Assessing Officer failed to specify the grounds for initiating penalty proceedings in the show cause notices. Citing legal precedents, including decisions from the Hon'ble Karnataka High Court and the Hon'ble Delhi High Court, the Tribunal concluded that the defective notice rendered the penalty proceedings invalid. Consequently, the Tribunal canceled the penalty, ruling in favor of the Assessee. Case-Laws Income Tax Tue, 28 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393720