https://www.taxtmi.com/caselaws?id=294447 The Tribunal held that the penalty notice lacking specificity under section 271(1)(c) of the Income Tax Act was void ab initio. As the notice did not clearly state the grounds for the penalty, it violated principles of natural justice. Relying on legal precedents emphasizing specificity in penalty notices, the Tribunal deemed the penalty imposed illegal and directed its deletion, allowing the appeal of the assessee. The judgment was pronounced on 14/02/2020. en-us Fri, 14 Feb 2020 00:00:00 +0530 Thu, 15 Apr 2021 08:04:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294447 The Tribunal held that the penalty notice lacking specificity under section 271(1)(c) of the Income Tax Act was void ab initio. As the notice did not clearly state the grounds for the penalty, it violated principles of natural justice. Relying on legal precedents emphasizing specificity in penalty notices, the Tribunal deemed the penalty imposed illegal and directed its deletion, allowing the appeal of the assessee. The judgment was pronounced on 14/02/2020. Case-Laws Income Tax Fri, 14 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294447