https://www.taxtmi.com/caselaws?id=419040 The Tribunal set aside the penalty imposed under Section 271(1)(c) of the Income Tax Act as the Assessing Officer failed to specify the grounds for the penalty in the notice, following the decision of the Hon'ble Delhi High Court. The appeal of the assessee was allowed due to the procedural irregularity, leading to the conclusion that the penalty was not justified. en-us Mon, 28 Feb 2022 00:00:00 +0530 Wed, 02 Mar 2022 08:35:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419040 The Tribunal set aside the penalty imposed under Section 271(1)(c) of the Income Tax Act as the Assessing Officer failed to specify the grounds for the penalty in the notice, following the decision of the Hon'ble Delhi High Court. The appeal of the assessee was allowed due to the procedural irregularity, leading to the conclusion that the penalty was not justified. Case-Laws Income Tax Mon, 28 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419040