Vague Section 271(1)(c) Penalty Notices Invalid: Bombay HC

PCIT-16 Vs Times Global Broadcasting Ltd (Bombay High Court) Bombay High Court has dismissed an appeal filed by the Principal Commissioner of Income Tax-16 (PCIT-16) against Times Global Broadcasting Ltd. for the assessment year 2010-2011. The core of the dispute revolved around the validity of a penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961, specifically concerning the clarity of the show-cause notice issued to the assessee. The Issue of Ambiguous Penalty Notices The Revenue had proposed two substantial questions of law. Firstly, whether the Income Tax Appellate Tribunal...