https://www.taxtmi.com/caselaws?id=360538 The Tribunal partially allowed the appeal concerning the levy of penalty under Section 271(1)(c) of the Income Tax Act. It found the penalty order unsustainable due to the AO's lack of clarity in choosing the applicable limb for penalty imposition. Emphasizing the necessity for specific satisfaction in penalty proceedings and the correct application of penalty provisions, the Tribunal highlighted the importance of clarity and precision in penalty imposition to ensure the validity of penalty orders. The appeal was partially allowed on technical grounds, emphasizing adherence to legal procedures in penalty imposition. en-us Thu, 05 Apr 2018 00:00:00 +0530 Sat, 19 May 2018 07:59:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360538 The Tribunal partially allowed the appeal concerning the levy of penalty under Section 271(1)(c) of the Income Tax Act. It found the penalty order unsustainable due to the AO's lack of clarity in choosing the applicable limb for penalty imposition. Emphasizing the necessity for specific satisfaction in penalty proceedings and the correct application of penalty provisions, the Tribunal highlighted the importance of clarity and precision in penalty imposition to ensure the validity of penalty orders. The appeal was partially allowed on technical grounds, emphasizing adherence to legal procedures in penalty imposition. Case-Laws Income Tax Thu, 05 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360538