https://www.taxtmi.com/caselaws?id=304100 The Tribunal found the penalty order under Section 271(1)(c) of the Income Tax Act unsustainable due to the absence of specifying the particular limb of the provision in the notice. Emphasizing the necessity of clarity in penalty notices, the Tribunal quashed the penalty, directing the Assessing Officer to cancel it. The decision highlighted the significance of procedural fairness and specificity in penalty proceedings to uphold principles of natural justice in tax matters. en-us Tue, 02 Mar 2021 00:00:00 +0530 Thu, 08 Sep 2022 07:21:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304100 The Tribunal found the penalty order under Section 271(1)(c) of the Income Tax Act unsustainable due to the absence of specifying the particular limb of the provision in the notice. Emphasizing the necessity of clarity in penalty notices, the Tribunal quashed the penalty, directing the Assessing Officer to cancel it. The decision highlighted the significance of procedural fairness and specificity in penalty proceedings to uphold principles of natural justice in tax matters. Case-Laws Income Tax Tue, 02 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304100