https://www.taxtmi.com/highlights?id=30319 Penalty u/s. 271(1)(c) - just because no explanation has been offered by the assessee during the penalty proceedings the Ld. AO cannot automatically proceed to levy penalty as admittedly penalty proceeding is independent of assessment proceedings. - AT en-us Fri, 15 Jul 2016 11:54:13 +0530 Fri, 15 Jul 2016 11:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30319 Penalty u/s. 271(1)(c) - just because no explanation has been offered by the assessee during the penalty proceedings the Ld. AO cannot automatically proceed to levy penalty as admittedly penalty proceeding is independent of assessment proceedings. - AT Highlights Income Tax Fri, 15 Jul 2016 11:54:13 +0530 https://www.taxtmi.com/highlights?id=30319