https://www.taxtmi.com/caselaws?id=447911 The Tribunal quashed the penalty order under section 271(1)(c) of the Income Tax Act, 1961, due to a deficient show-cause notice that failed to specify the relevant limb for imposing the penalty. The Tribunal held that this deficiency violated the principle of natural justice, as it deprived the assessee of the opportunity to respond appropriately. Consequently, the penalty order was deemed unsustainable in law, and the appeal by the assessee was allowed. en-us Fri, 05 Jan 2024 00:00:00 +0530 Sun, 07 Jan 2024 20:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447911 The Tribunal quashed the penalty order under section 271(1)(c) of the Income Tax Act, 1961, due to a deficient show-cause notice that failed to specify the relevant limb for imposing the penalty. The Tribunal held that this deficiency violated the principle of natural justice, as it deprived the assessee of the opportunity to respond appropriately. Consequently, the penalty order was deemed unsustainable in law, and the appeal by the assessee was allowed. Case-Laws Income Tax Fri, 05 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447911