https://www.taxtmi.com/caselaws?id=302765 The tribunal dismissed the Revenue's appeal against the cancellation of the penalty imposed under section 271(1)(c) for Assessment Year 2008-09. It held that the penalty notice lacked clarity in specifying the charges, citing legal precedents emphasizing the importance of clear grounds for penalty imposition. The tribunal concluded that the penalty was not sustainable due to this lack of specificity, ultimately upholding the cancellation of the penalty. The decision was rendered in an open court session on 17th June 2020. en-us Wed, 17 Jun 2020 00:00:00 +0530 Fri, 17 Jun 2022 09:34:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302765 The tribunal dismissed the Revenue's appeal against the cancellation of the penalty imposed under section 271(1)(c) for Assessment Year 2008-09. It held that the penalty notice lacked clarity in specifying the charges, citing legal precedents emphasizing the importance of clear grounds for penalty imposition. The tribunal concluded that the penalty was not sustainable due to this lack of specificity, ultimately upholding the cancellation of the penalty. The decision was rendered in an open court session on 17th June 2020. Case-Laws Income Tax Wed, 17 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302765