https://www.taxtmi.com/caselaws?id=373116 The Tribunal allowed the appellant's appeal, quashed the penalty order of &8377; 5,71,975/- for leave encashment expenses under section 271(1)(c) of the Income Tax Act, and directed deletion of the penalty amount. The decision was based on the Assessing Officer's failure to specify the correct limb of the penalty provision, leading to legal deficiency and ambiguity in the penalty order. The Tribunal emphasized the necessity of proper satisfaction and clear identification of the relevant limb in penalty orders to ensure legal validity and avoid uncertainties in penalty proceedings. en-us Wed, 02 Jan 2019 00:00:00 +0530 Mon, 07 Jan 2019 12:24:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373116 The Tribunal allowed the appellant's appeal, quashed the penalty order of &8377; 5,71,975/- for leave encashment expenses under section 271(1)(c) of the Income Tax Act, and directed deletion of the penalty amount. The decision was based on the Assessing Officer's failure to specify the correct limb of the penalty provision, leading to legal deficiency and ambiguity in the penalty order. The Tribunal emphasized the necessity of proper satisfaction and clear identification of the relevant limb in penalty orders to ensure legal validity and avoid uncertainties in penalty proceedings. Case-Laws Income Tax Wed, 02 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373116