https://www.taxtmi.com/caselaws?id=394877 The tribunal found the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961 invalid due to a defective show cause notice that did not specify the grounds for the penalty. Emphasizing the necessity of clarity in such notices, the tribunal ruled in favor of the assessee, canceling the penalty and directing the Assessing Officer to delete it. The decision was based on the principle that penalty proceedings must adhere to the grounds mentioned in the notice, ensuring fairness and due process. The appeal was allowed on 21/02/2020. en-us Fri, 21 Feb 2020 00:00:00 +0530 Tue, 28 Apr 2020 16:50:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394877 The tribunal found the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961 invalid due to a defective show cause notice that did not specify the grounds for the penalty. Emphasizing the necessity of clarity in such notices, the tribunal ruled in favor of the assessee, canceling the penalty and directing the Assessing Officer to delete it. The decision was based on the principle that penalty proceedings must adhere to the grounds mentioned in the notice, ensuring fairness and due process. The appeal was allowed on 21/02/2020. Case-Laws Income Tax Fri, 21 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394877