https://www.taxtmi.com/caselaws?id=393721 The Tribunal allowed all three appeals, canceling the penalties imposed under section 271(1)(c) for the assessment years in question. The decision was based on the failure to specify the grounds for penalty in the notices issued, in line with legal precedents. The Tribunal's ruling emphasized the importance of clarity in specifying the nature of charges when initiating penalty proceedings. en-us Thu, 30 Jan 2020 00:00:00 +0530 Sat, 21 Mar 2020 12:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393721 The Tribunal allowed all three appeals, canceling the penalties imposed under section 271(1)(c) for the assessment years in question. The decision was based on the failure to specify the grounds for penalty in the notices issued, in line with legal precedents. The Tribunal's ruling emphasized the importance of clarity in specifying the nature of charges when initiating penalty proceedings. Case-Laws Income Tax Thu, 30 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393721