https://www.taxtmi.com/caselaws?id=395800 The Tribunal held that the penalty order under Section 271(1)(c) of the Income-tax Act, 1961, was invalid due to the Assessing Officer's failure to specify the exact fault for which the penalty was imposed. The Tribunal emphasized the necessity of clarity in the show cause notice and ruled in favor of the assessee, canceling the penalty and allowing the appeal. en-us Fri, 05 Jun 2020 00:00:00 +0530 Mon, 08 Jun 2020 11:17:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395800 The Tribunal held that the penalty order under Section 271(1)(c) of the Income-tax Act, 1961, was invalid due to the Assessing Officer's failure to specify the exact fault for which the penalty was imposed. The Tribunal emphasized the necessity of clarity in the show cause notice and ruled in favor of the assessee, canceling the penalty and allowing the appeal. Case-Laws Income Tax Fri, 05 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395800