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2018 (5) TMI 960 - HC - Income TaxPenalty u/s 271(1)(c) - non specification of charge - Held that:- The penalty levied under Section 271(1)(c) of the Act of 1961 is not sustainable in law, as no specific charge was levied in penalty show-cause notices. Considering the fact that the ground mentioned in show-cause notice would not satisfy the requirement of law, as notice was not specific, we are of the view that the learned Tribunal has rightly relying on the decision of CIT V/s. Manjunatha Cotton Ginning Factory (2013 (7) TMI 620 - KARNATAKA HIGH COURT) and CIT V/s. SSA'S Emerald Meadows (2016 (8) TMI 1145 - SUPREME COURT) rightly allowed the appeal of the assessee and set aside the order of penalty - Decided in favour of assessee
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