https://www.taxtmi.com/caselaws?id=399863 The Tribunal allowed the Assessee's appeals, quashing penalties imposed under section 271(1)(c) of the I.T. Act for A.Ys. 2009-2010 to 2012-2013. The Tribunal found that the lack of specificity in the show cause notices regarding the grounds for initiating the penalty proceedings rendered the penalties invalid. Relying on case law, the Tribunal set aside the lower authorities' orders, deleted the penalties, and allowed the Assessee's appeals based on the notice's invalidity. en-us Mon, 19 Oct 2020 00:00:00 +0530 Wed, 21 Oct 2020 17:57:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399863 The Tribunal allowed the Assessee's appeals, quashing penalties imposed under section 271(1)(c) of the I.T. Act for A.Ys. 2009-2010 to 2012-2013. The Tribunal found that the lack of specificity in the show cause notices regarding the grounds for initiating the penalty proceedings rendered the penalties invalid. Relying on case law, the Tribunal set aside the lower authorities' orders, deleted the penalties, and allowed the Assessee's appeals based on the notice's invalidity. Case-Laws Income Tax Mon, 19 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399863