https://www.taxtmi.com/caselaws?id=433333 The Tribunal dismissed the revenue's appeals challenging the deletion of penalties imposed under section 271(1)(c) of the Income Tax Act, 1961. The penalties were canceled as the penalty notice did not specify the exact charge against the assessee, rendering the penalty proceedings void. The Tribunal emphasized the necessity of specificity in penalty notices, citing legal precedents to support its decision. The lack of clear charges violated principles of natural justice, leading to the invalidation of the penalty proceedings. en-us Thu, 19 Jan 2023 00:00:00 +0530 Fri, 27 Jan 2023 08:34:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433333 The Tribunal dismissed the revenue's appeals challenging the deletion of penalties imposed under section 271(1)(c) of the Income Tax Act, 1961. The penalties were canceled as the penalty notice did not specify the exact charge against the assessee, rendering the penalty proceedings void. The Tribunal emphasized the necessity of specificity in penalty notices, citing legal precedents to support its decision. The lack of clear charges violated principles of natural justice, leading to the invalidation of the penalty proceedings. Case-Laws Income Tax Thu, 19 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433333