https://www.taxtmi.com/caselaws?id=401548 The Tribunal allowed the appeal of the assessee by quashing the penalty levied under Section 271(1)(c) of the Income Tax Act, 1961. The Tribunal found the penalty notice defective as it did not specify the exact charge, causing prejudice to the assessee and violating principles of natural justice. Due to the AO's non-application of mind and failure to clarify the charge in the notice, the penalty proceedings were invalidated. As a result, the penalty order was set aside, and the assessee's appeal was upheld on 07/12/2020. en-us Mon, 07 Dec 2020 00:00:00 +0530 Thu, 10 Dec 2020 08:23:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401548 The Tribunal allowed the appeal of the assessee by quashing the penalty levied under Section 271(1)(c) of the Income Tax Act, 1961. The Tribunal found the penalty notice defective as it did not specify the exact charge, causing prejudice to the assessee and violating principles of natural justice. Due to the AO's non-application of mind and failure to clarify the charge in the notice, the penalty proceedings were invalidated. As a result, the penalty order was set aside, and the assessee's appeal was upheld on 07/12/2020. Case-Laws Income Tax Mon, 07 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401548