https://www.taxtmi.com/caselaws?id=418562 The Tribunal canceled the penalty of Rs. 1,71,212 imposed under section 271(1)(c) of the IT Act for the assessment year 2009-10 as the penalty notice did not specify the grounds for penalty initiation, contravening principles of natural justice. The lack of specificity in the notice rendered the penalty unsustainable in law. The Tribunal allowed the appeal, emphasizing the necessity for clarity in penalty notices to ensure compliance with legal requirements. en-us Thu, 10 Feb 2022 00:00:00 +0530 Sat, 19 Feb 2022 07:03:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418562 The Tribunal canceled the penalty of Rs. 1,71,212 imposed under section 271(1)(c) of the IT Act for the assessment year 2009-10 as the penalty notice did not specify the grounds for penalty initiation, contravening principles of natural justice. The lack of specificity in the notice rendered the penalty unsustainable in law. The Tribunal allowed the appeal, emphasizing the necessity for clarity in penalty notices to ensure compliance with legal requirements. Case-Laws Income Tax Thu, 10 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418562