https://www.taxtmi.com/caselaws?id=307410 The Tribunal allowed the appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act for A.Y. 2013-14. It found that the show-cause notice issued by the ld. Assessing Officer was defective and lacked specificity in stating the charges clearly. Relying on precedents from the Hon'ble Calcutta High Court, the Tribunal concluded that the ambiguous notice constituted a jurisdictional error, rendering the penalty proceedings invalid. Consequently, the Tribunal revoked the penalty, emphasizing the importance of a clear and specific notice in penalty proceedings under the Income Tax Act. en-us Mon, 09 Jan 2023 00:00:00 +0530 Tue, 11 Apr 2023 21:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307410 The Tribunal allowed the appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act for A.Y. 2013-14. It found that the show-cause notice issued by the ld. Assessing Officer was defective and lacked specificity in stating the charges clearly. Relying on precedents from the Hon'ble Calcutta High Court, the Tribunal concluded that the ambiguous notice constituted a jurisdictional error, rendering the penalty proceedings invalid. Consequently, the Tribunal revoked the penalty, emphasizing the importance of a clear and specific notice in penalty proceedings under the Income Tax Act. Case-Laws Income Tax Mon, 09 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307410