https://www.taxtmi.com/caselaws?id=402614 The Tribunal concluded that the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961 was not sustainable due to a defective show cause notice that failed to specify the charge against the assessee. Relying on legal precedents, including decisions by different High Courts and Tribunals, the Tribunal cancelled the penalty imposed by the Assessing Officer and allowed the appeal of the assessee. en-us Tue, 05 Jan 2021 00:00:00 +0530 Thu, 07 Jan 2021 17:00:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402614 The Tribunal concluded that the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961 was not sustainable due to a defective show cause notice that failed to specify the charge against the assessee. Relying on legal precedents, including decisions by different High Courts and Tribunals, the Tribunal cancelled the penalty imposed by the Assessing Officer and allowed the appeal of the assessee. Case-Laws Income Tax Tue, 05 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402614