https://www.taxtmi.com/caselaws?id=377010 The Tribunal found the penalty proceedings initiated by the Assessing Officer under Section 271(1)(c) of the Income Tax Act to be bad in law due to non-application of mind and failure to specify the appropriate limb for penalty imposition. Consequently, the penalty was directed to be deleted, and the appeal of the assessee was allowed. Other arguments raised by the assessee were not addressed as they became irrelevant following this finding. The order was pronounced in open court on March 15, 2019. en-us Fri, 15 Mar 2019 00:00:00 +0530 Tue, 19 Mar 2019 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377010 The Tribunal found the penalty proceedings initiated by the Assessing Officer under Section 271(1)(c) of the Income Tax Act to be bad in law due to non-application of mind and failure to specify the appropriate limb for penalty imposition. Consequently, the penalty was directed to be deleted, and the appeal of the assessee was allowed. Other arguments raised by the assessee were not addressed as they became irrelevant following this finding. The order was pronounced in open court on March 15, 2019. Case-Laws Income Tax Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377010