https://www.taxtmi.com/caselaws?id=419336 The Tribunal directed the AO to cancel the penalty imposed on the assessee under section 271(1)(c) of the Income Tax Act, 1961 for the A.Y. 2014-15 due to a defective penalty notice that failed to specify the specific offence committed. The decision was influenced by the principles established in the case of Mohd. Farhan A. Shaikh vs. DCIT, emphasizing the importance of precision in notices to ensure procedural fairness. The Tribunal's ruling underscored the significance of adhering to statutory requirements and upholding principles of natural justice, leading to the cancellation of the penalty and allowing the assessee's appeal. en-us Tue, 22 Feb 2022 00:00:00 +0530 Wed, 09 Mar 2022 08:29:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419336 The Tribunal directed the AO to cancel the penalty imposed on the assessee under section 271(1)(c) of the Income Tax Act, 1961 for the A.Y. 2014-15 due to a defective penalty notice that failed to specify the specific offence committed. The decision was influenced by the principles established in the case of Mohd. Farhan A. Shaikh vs. DCIT, emphasizing the importance of precision in notices to ensure procedural fairness. The Tribunal's ruling underscored the significance of adhering to statutory requirements and upholding principles of natural justice, leading to the cancellation of the penalty and allowing the assessee's appeal. Case-Laws Income Tax Tue, 22 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419336