https://www.taxtmi.com/caselaws?id=376458 The Appellate Tribunal ITAT Mumbai nullified penalty orders for AYs 2011-12 & 2012-13 imposed under section 271(1)(c) of the Income Tax Act. The Tribunal found the penalty imposition lacking clarity as the AO failed to specify the exact limb of section 271(1)(c) contravened. This lack of clarity raised concerns about the penalty imposition process, leading to the quashing of penalty orders for both years. The Tribunal's decision, pronounced on 6th March 2019, allowed the assessee's appeals and set aside the penalty orders. en-us Wed, 06 Mar 2019 00:00:00 +0530 Sat, 09 Mar 2019 07:51:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376458 The Appellate Tribunal ITAT Mumbai nullified penalty orders for AYs 2011-12 & 2012-13 imposed under section 271(1)(c) of the Income Tax Act. The Tribunal found the penalty imposition lacking clarity as the AO failed to specify the exact limb of section 271(1)(c) contravened. This lack of clarity raised concerns about the penalty imposition process, leading to the quashing of penalty orders for both years. The Tribunal's decision, pronounced on 6th March 2019, allowed the assessee's appeals and set aside the penalty orders. Case-Laws Income Tax Wed, 06 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376458