https://www.taxtmi.com/caselaws?id=394088 The Tribunal found that the penalty proceedings initiated by the Assessing Officer under section 271(1)(c) of the Income Tax Act were invalid as the charge for which the penalty was proposed was not clearly specified. Relying on legal precedents emphasizing the necessity of indicating the specific charge in penalty notices, the Tribunal ruled in favor of the assessee. Consequently, the penalty was directed to be deleted, and the appeal of the assessee was allowed. en-us Fri, 13 Mar 2020 00:00:00 +0530 Tue, 31 Mar 2020 17:08:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394088 The Tribunal found that the penalty proceedings initiated by the Assessing Officer under section 271(1)(c) of the Income Tax Act were invalid as the charge for which the penalty was proposed was not clearly specified. Relying on legal precedents emphasizing the necessity of indicating the specific charge in penalty notices, the Tribunal ruled in favor of the assessee. Consequently, the penalty was directed to be deleted, and the appeal of the assessee was allowed. Case-Laws Income Tax Fri, 13 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394088