https://www.taxtmi.com/caselaws?id=420506 The Tribunal quashed the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, due to the Assessing Officer's failure to specify the default in the show cause notice, depriving the assessee of a fair opportunity to defend. The Tribunal emphasized the importance of clarity in penalty proceedings and adherence to procedural requirements. As the penalty was invalidated on jurisdictional grounds, the Tribunal did not assess the merits of the case, allowing the appeal based on procedural irregularities and upholding principles of natural justice and statutory obligations. en-us Thu, 31 Mar 2022 00:00:00 +0530 Mon, 04 Apr 2022 09:14:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420506 The Tribunal quashed the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, due to the Assessing Officer's failure to specify the default in the show cause notice, depriving the assessee of a fair opportunity to defend. The Tribunal emphasized the importance of clarity in penalty proceedings and adherence to procedural requirements. As the penalty was invalidated on jurisdictional grounds, the Tribunal did not assess the merits of the case, allowing the appeal based on procedural irregularities and upholding principles of natural justice and statutory obligations. Case-Laws Income Tax Thu, 31 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420506