https://www.taxtmi.com/caselaws?id=239192 The Tribunal allowed the appeals filed by the assessee, stating that the penalty proceedings were not sustainable due to the lack of clarity and proper application of mind by the Assessing Officer. The penalty should be clear as to the limb for which it is levied, and in this case, the position was unclear. Consequently, the adjudication of the penalties on merits became an academic exercise, and the appeals for all six assessment years were allowed. en-us Fri, 11 Oct 2013 00:00:00 +0530 Fri, 08 Nov 2013 13:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239192 The Tribunal allowed the appeals filed by the assessee, stating that the penalty proceedings were not sustainable due to the lack of clarity and proper application of mind by the Assessing Officer. The penalty should be clear as to the limb for which it is levied, and in this case, the position was unclear. Consequently, the adjudication of the penalties on merits became an academic exercise, and the appeals for all six assessment years were allowed. Case-Laws Income Tax Fri, 11 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239192