https://www.taxtmi.com/caselaws?id=396089 The Tribunal found the show cause notice issued by the Assessing Officer under the Income-tax Act to be defective and invalid as it did not specify the exact charge against the assessee. Relying on legal precedents, including decisions by the Karnataka High Court and the Supreme Court, the Tribunal concluded that the penalty imposed based on such a defective notice was invalid. Consequently, the penalty imposed by the AO and confirmed by the CIT(A) was deemed unsustainable, leading to the deletion of the penalty and allowing the appeal of the assessee. en-us Wed, 10 Jun 2020 00:00:00 +0530 Sat, 20 Jun 2020 07:07:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396089 The Tribunal found the show cause notice issued by the Assessing Officer under the Income-tax Act to be defective and invalid as it did not specify the exact charge against the assessee. Relying on legal precedents, including decisions by the Karnataka High Court and the Supreme Court, the Tribunal concluded that the penalty imposed based on such a defective notice was invalid. Consequently, the penalty imposed by the AO and confirmed by the CIT(A) was deemed unsustainable, leading to the deletion of the penalty and allowing the appeal of the assessee. Case-Laws Income Tax Wed, 10 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396089