https://www.taxtmi.com/caselaws?id=353197 The Tribunal partially allowed the appeal against the penalty imposed under section 271(1)(c) of the Act for Assessment Year 2009-10. The Tribunal found that the penalty proceedings were flawed due to the ambiguity in the AO's satisfaction regarding the specific limb of clause (c) to section 271(1) of the Act. The additional ground raised by the assessee challenging the validity of the penalty order was upheld, emphasizing the necessity of a clear satisfaction at the initiation of penalty proceedings. Other grounds on merits were dismissed as academic, with the penalty partially set aside. en-us Wed, 30 Aug 2017 00:00:00 +0530 Fri, 29 Dec 2017 08:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353197 The Tribunal partially allowed the appeal against the penalty imposed under section 271(1)(c) of the Act for Assessment Year 2009-10. The Tribunal found that the penalty proceedings were flawed due to the ambiguity in the AO's satisfaction regarding the specific limb of clause (c) to section 271(1) of the Act. The additional ground raised by the assessee challenging the validity of the penalty order was upheld, emphasizing the necessity of a clear satisfaction at the initiation of penalty proceedings. Other grounds on merits were dismissed as academic, with the penalty partially set aside. Case-Laws Income Tax Wed, 30 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353197