https://www.taxtmi.com/caselaws?id=401646 The Tribunal allowed the appeal, canceling the penalty imposed under section 271(1)(c) due to a defective notice that failed to specify the grounds for the penalty. The decision was based on the need for clarity and specificity in penalty notices to uphold the principles of natural justice, following precedents emphasizing the same. The penalty proceedings were deemed invalid, and the imposed penalty of Rs. 2,32,318/- was not sustained. en-us Wed, 09 Dec 2020 00:00:00 +0530 Sat, 30 Jan 2021 12:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401646 The Tribunal allowed the appeal, canceling the penalty imposed under section 271(1)(c) due to a defective notice that failed to specify the grounds for the penalty. The decision was based on the need for clarity and specificity in penalty notices to uphold the principles of natural justice, following precedents emphasizing the same. The penalty proceedings were deemed invalid, and the imposed penalty of Rs. 2,32,318/- was not sustained. Case-Laws Income Tax Wed, 09 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401646