https://www.taxtmi.com/caselaws?id=249337 The Tribunal partly allowed the assessee's appeal, confirming the penalty under section 271(1)(c) for the addition of Rs. 3,04,500 but deleting it for the addition of Rs. 7,58,233. The Tribunal emphasized the necessity of providing specific reasons in penalty orders and properly considering the assessee's explanations to uphold the principles of natural justice. en-us Wed, 11 Jun 2014 00:00:00 +0530 Fri, 11 Jul 2014 08:04:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249337 The Tribunal partly allowed the assessee's appeal, confirming the penalty under section 271(1)(c) for the addition of Rs. 3,04,500 but deleting it for the addition of Rs. 7,58,233. The Tribunal emphasized the necessity of providing specific reasons in penalty orders and properly considering the assessee's explanations to uphold the principles of natural justice. Case-Laws Income Tax Wed, 11 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249337