https://www.taxtmi.com/caselaws?id=395113 The High Court dismissed the Revenue's appeal, upholding the deletion of the penalty imposed on the assessee due to the lack of specificity in the show cause notice issued under Section 274 of the Income Tax Act. The Court emphasized the importance of clearly stating the charge in the notice to ensure the validity of penalties imposed under Section 271(1)(c) of the Act. en-us Wed, 11 Mar 2020 00:00:00 +0530 Wed, 06 May 2020 06:53:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395113 The High Court dismissed the Revenue's appeal, upholding the deletion of the penalty imposed on the assessee due to the lack of specificity in the show cause notice issued under Section 274 of the Income Tax Act. The Court emphasized the importance of clearly stating the charge in the notice to ensure the validity of penalties imposed under Section 271(1)(c) of the Act. Case-Laws Income Tax Wed, 11 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395113