https://www.taxtmi.com/caselaws?id=394774 The Tribunal allowed the appeal of the assessee, finding the penalty order based on a defective show cause notice without a specific charge under section 271(1)(c) of the Income Tax Act to be invalid. The Tribunal emphasized the importance of the assessing officer's independent evaluation in imposing penalties and referred to a pending Special Leave Petition before the Supreme Court on a similar issue. Permission was granted for the revenue to seek restoration of the appeal if the Supreme Court ruled in their favor regarding the specification of the relevant clause for penalty imposition. en-us Mon, 17 Feb 2020 00:00:00 +0530 Fri, 24 Apr 2020 11:40:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394774 The Tribunal allowed the appeal of the assessee, finding the penalty order based on a defective show cause notice without a specific charge under section 271(1)(c) of the Income Tax Act to be invalid. The Tribunal emphasized the importance of the assessing officer's independent evaluation in imposing penalties and referred to a pending Special Leave Petition before the Supreme Court on a similar issue. Permission was granted for the revenue to seek restoration of the appeal if the Supreme Court ruled in their favor regarding the specification of the relevant clause for penalty imposition. Case-Laws Income Tax Mon, 17 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394774