https://www.taxtmi.com/caselaws?id=394490 The Tribunal found that the penalty imposed under section 271(1)(c) of the Income Tax Act was invalid as the Assessing Officer failed to record satisfaction regarding the specific limb of the section and did not issue a clear show cause notice. Consequently, the penalty proceedings were deemed invalid, and the Tribunal allowed the appeal, deleting the penalty levied under section 271(1)(c) for the assessment year 2007-08. en-us Fri, 31 Jan 2020 00:00:00 +0530 Tue, 14 Apr 2020 15:14:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394490 The Tribunal found that the penalty imposed under section 271(1)(c) of the Income Tax Act was invalid as the Assessing Officer failed to record satisfaction regarding the specific limb of the section and did not issue a clear show cause notice. Consequently, the penalty proceedings were deemed invalid, and the Tribunal allowed the appeal, deleting the penalty levied under section 271(1)(c) for the assessment year 2007-08. Case-Laws Income Tax Fri, 31 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394490