https://www.taxtmi.com/caselaws?id=377137 The Appellate Tribunal upheld the CIT(A)'s decision to delete the penalty under section 271(1)(c) of the Income Tax Act, emphasizing the necessity for a clear reference to the specific limb of the clause. The Tribunal found the penalty order lacked legal sustainability due to the Assessing Officer's failure to specify the applicable limb at the initiation of penalty proceedings. Additionally, the Tribunal highlighted the ambiguity in the Assessing Officer's satisfaction, leading to the dismissal of the Revenue's appeal and the assessee's cross objection as an academic exercise. en-us Tue, 19 Mar 2019 00:00:00 +0530 Sun, 24 Mar 2019 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377137 The Appellate Tribunal upheld the CIT(A)'s decision to delete the penalty under section 271(1)(c) of the Income Tax Act, emphasizing the necessity for a clear reference to the specific limb of the clause. The Tribunal found the penalty order lacked legal sustainability due to the Assessing Officer's failure to specify the applicable limb at the initiation of penalty proceedings. Additionally, the Tribunal highlighted the ambiguity in the Assessing Officer's satisfaction, leading to the dismissal of the Revenue's appeal and the assessee's cross objection as an academic exercise. Case-Laws Income Tax Tue, 19 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377137