https://www.taxtmi.com/caselaws?id=409599 The Tribunal quashed the penalty of Rs. 3,35,707/- imposed under Section 271(1)(c) of the Income Tax Act, 1961, due to the Assessing Officer's failure to clearly specify the charge in the "Show Cause" notice, violating Section 274(1) of the Act. The appeal was allowed, and the Tribunal refrained from assessing the merits of the case, leaving them open for future consideration. en-us Wed, 16 Jun 2021 00:00:00 +0530 Tue, 13 Jul 2021 10:35:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409599 The Tribunal quashed the penalty of Rs. 3,35,707/- imposed under Section 271(1)(c) of the Income Tax Act, 1961, due to the Assessing Officer's failure to clearly specify the charge in the "Show Cause" notice, violating Section 274(1) of the Act. The appeal was allowed, and the Tribunal refrained from assessing the merits of the case, leaving them open for future consideration. Case-Laws Income Tax Wed, 16 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409599