https://www.taxtmi.com/caselaws?id=418839 The Tribunal allowed the appeal of the assessee, quashing the penalty of Rs. 6,00,284/- 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 and the assessment order. This procedural lapse was deemed a violation of the statutory obligation to provide a fair opportunity of being heard, rendering the penalty proceedings invalid. Other issues raised by the assessee were left open and not adjudicated upon, given the primary ground on which the penalty was quashed. en-us Mon, 21 Feb 2022 00:00:00 +0530 Fri, 25 Feb 2022 08:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418839 The Tribunal allowed the appeal of the assessee, quashing the penalty of Rs. 6,00,284/- 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 and the assessment order. This procedural lapse was deemed a violation of the statutory obligation to provide a fair opportunity of being heard, rendering the penalty proceedings invalid. Other issues raised by the assessee were left open and not adjudicated upon, given the primary ground on which the penalty was quashed. Case-Laws Income Tax Mon, 21 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418839