https://www.taxtmi.com/caselaws?id=404290 The Tribunal set aside the penalty order dated 31.07.2015 imposed under section 271(1)(c) of the Income Tax Act, 1961, for the assessment year 2012-13. The appellant successfully challenged the penalty, arguing that the notice lacked specificity regarding the grounds for penalty imposition. The Tribunal held that the vague notice failed to meet legal requirements, rendering the penalty unsustainable. Consequently, the penalty was deleted, and the appellant's appeal was allowed on 13th January 2021. en-us Wed, 13 Jan 2021 00:00:00 +0530 Fri, 19 Feb 2021 18:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404290 The Tribunal set aside the penalty order dated 31.07.2015 imposed under section 271(1)(c) of the Income Tax Act, 1961, for the assessment year 2012-13. The appellant successfully challenged the penalty, arguing that the notice lacked specificity regarding the grounds for penalty imposition. The Tribunal held that the vague notice failed to meet legal requirements, rendering the penalty unsustainable. Consequently, the penalty was deleted, and the appellant's appeal was allowed on 13th January 2021. Case-Laws Income Tax Wed, 13 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404290