https://www.taxtmi.com/caselaws?id=393734 The Tribunal allowed the appeal by the assessee, setting aside the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961. The Tribunal held that the penalty notice lacked specificity in specifying the grounds for initiating penalty proceedings, following precedents emphasizing the importance of clear communication in such notices. The Assessing Officer's failure to indicate the limb of the provision under which the penalty was proposed rendered the notice invalid. Consequently, the Tribunal directed the deletion of the imposed penalty, highlighting the necessity of adherence to legal procedures in penalty proceedings. en-us Thu, 19 Mar 2020 00:00:00 +0530 Sat, 21 Mar 2020 13:14:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393734 The Tribunal allowed the appeal by the assessee, setting aside the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961. The Tribunal held that the penalty notice lacked specificity in specifying the grounds for initiating penalty proceedings, following precedents emphasizing the importance of clear communication in such notices. The Assessing Officer's failure to indicate the limb of the provision under which the penalty was proposed rendered the notice invalid. Consequently, the Tribunal directed the deletion of the imposed penalty, highlighting the necessity of adherence to legal procedures in penalty proceedings. Case-Laws Income Tax Thu, 19 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393734