https://www.taxtmi.com/caselaws?id=403581 The Tribunal canceled penalties imposed under section 271(1)(c) of the IT Act in multiple appeals due to defective show-cause notices issued by the AO. The notices did not specify grounds for initiating penalty proceedings, rendering them illegal. Relying on legal precedents, including decisions of the Karnataka High Court and the Supreme Court, the Tribunal emphasized the necessity of valid notices in penalty cases. The judgment underscores the importance of procedural compliance and the repercussions of inadequate notice issuance in tax penalty proceedings. en-us Mon, 01 Feb 2021 00:00:00 +0530 Tue, 02 Feb 2021 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403581 The Tribunal canceled penalties imposed under section 271(1)(c) of the IT Act in multiple appeals due to defective show-cause notices issued by the AO. The notices did not specify grounds for initiating penalty proceedings, rendering them illegal. Relying on legal precedents, including decisions of the Karnataka High Court and the Supreme Court, the Tribunal emphasized the necessity of valid notices in penalty cases. The judgment underscores the importance of procedural compliance and the repercussions of inadequate notice issuance in tax penalty proceedings. Case-Laws Income Tax Mon, 01 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403581