https://www.taxtmi.com/caselaws?id=429338 The Tribunal allowed the appeal of the appellant assessee, setting aside the penalty order imposed under section 271(1)(c) of the Income-tax Act, 1961. The Tribunal held that the show-cause notice issued without specifying any limb or charge was invalid and legally flawed, emphasizing the mandatory nature of the provision. The penalty order was quashed due to the defective and undetermined allegations, with the Tribunal ruling in favor of the appellant based on the lack of proper application of mind by the Assessing Officer and deficiencies in the notice issued. en-us Fri, 07 Oct 2022 00:00:00 +0530 Sat, 22 Oct 2022 10:05:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429338 The Tribunal allowed the appeal of the appellant assessee, setting aside the penalty order imposed under section 271(1)(c) of the Income-tax Act, 1961. The Tribunal held that the show-cause notice issued without specifying any limb or charge was invalid and legally flawed, emphasizing the mandatory nature of the provision. The penalty order was quashed due to the defective and undetermined allegations, with the Tribunal ruling in favor of the appellant based on the lack of proper application of mind by the Assessing Officer and deficiencies in the notice issued. Case-Laws Income Tax Fri, 07 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429338