https://www.taxtmi.com/caselaws?id=420512 The tribunal ruled in favor of the appellant, holding the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961 invalid due to the lack of specific charges in the penalty notice. The tribunal emphasized the importance of adhering to principles of natural justice in penalty proceedings and quashed the penalty accordingly. The appeal was allowed in favor of the assessee based on these findings. en-us Fri, 01 Apr 2022 00:00:00 +0530 Mon, 04 Apr 2022 09:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420512 The tribunal ruled in favor of the appellant, holding the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961 invalid due to the lack of specific charges in the penalty notice. The tribunal emphasized the importance of adhering to principles of natural justice in penalty proceedings and quashed the penalty accordingly. The appeal was allowed in favor of the assessee based on these findings. Case-Laws Income Tax Fri, 01 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420512