https://www.taxtmi.com/caselaws?id=393821 The Tribunal ruled in favor of the appellant, deleting the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961. The decision emphasized the necessity of a clear and specific charge in the show cause notice, aligning with legal precedents set by the Hon'ble Karnataka High Court. Penalties based on defective notices were deemed unsustainable, highlighting the importance of procedural clarity and adherence to principles of natural justice in penalty proceedings. The appellant's appeal was allowed, and the penalty was canceled. en-us Fri, 20 Mar 2020 00:00:00 +0530 Mon, 23 Mar 2020 13:20:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393821 The Tribunal ruled in favor of the appellant, deleting the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961. The decision emphasized the necessity of a clear and specific charge in the show cause notice, aligning with legal precedents set by the Hon'ble Karnataka High Court. Penalties based on defective notices were deemed unsustainable, highlighting the importance of procedural clarity and adherence to principles of natural justice in penalty proceedings. The appellant's appeal was allowed, and the penalty was canceled. Case-Laws Income Tax Fri, 20 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393821