https://www.taxtmi.com/caselaws?id=394520 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to cancel the penalty of Rs. 2,12,130 imposed under Section 271(1)(c) of the Income Tax Act. The Tribunal held that the penalty order was invalid as the show cause notice did not specify the charges of penalty, violating the requirements of the Act. The decision was based on the principle that penalties cannot be sustained if the grounds are not clearly outlined in the notice, following precedents from the Delhi High Court and other relevant case law. en-us Mon, 03 Feb 2020 00:00:00 +0530 Wed, 15 Apr 2020 13:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394520 The Tribunal allowed the appeal of the assessee, directing the Assessing Officer to cancel the penalty of Rs. 2,12,130 imposed under Section 271(1)(c) of the Income Tax Act. The Tribunal held that the penalty order was invalid as the show cause notice did not specify the charges of penalty, violating the requirements of the Act. The decision was based on the principle that penalties cannot be sustained if the grounds are not clearly outlined in the notice, following precedents from the Delhi High Court and other relevant case law. Case-Laws Income Tax Mon, 03 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394520