https://www.taxtmi.com/caselaws?id=410890 The tribunal set aside the penalties imposed under Section 271(1)(c) of the Income Tax Act for various assessment years due to the lack of specific charges in the penalty notices and assessment orders. The tribunal emphasized the necessity for clear specification of charges, citing judicial precedents. Consequently, the tribunal directed the Assessing Officer to cancel the penalties for all the relevant assessment years, ruling in favor of the appellant. en-us Wed, 11 Aug 2021 00:00:00 +0530 Thu, 12 Aug 2021 08:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410890 The tribunal set aside the penalties imposed under Section 271(1)(c) of the Income Tax Act for various assessment years due to the lack of specific charges in the penalty notices and assessment orders. The tribunal emphasized the necessity for clear specification of charges, citing judicial precedents. Consequently, the tribunal directed the Assessing Officer to cancel the penalties for all the relevant assessment years, ruling in favor of the appellant. Case-Laws Income Tax Wed, 11 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410890