https://www.taxtmi.com/caselaws?id=287655 The Tribunal allowed the appeal of the assessee, canceling the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, due to a defective show-cause notice that lacked specificity. Relying on precedents emphasizing the importance of clear grounds for penalty imposition, the Tribunal deemed the penalty order invalid, following the principles of natural justice. The penalty imposed by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) was quashed, resulting in the cancellation of the penalty. en-us Fri, 08 Feb 2019 00:00:00 +0530 Sat, 25 Apr 2020 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287655 The Tribunal allowed the appeal of the assessee, canceling the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, due to a defective show-cause notice that lacked specificity. Relying on precedents emphasizing the importance of clear grounds for penalty imposition, the Tribunal deemed the penalty order invalid, following the principles of natural justice. The penalty imposed by the Assessing Officer and upheld by the Commissioner of Income Tax (Appeals) was quashed, resulting in the cancellation of the penalty. Case-Laws Income Tax Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287655