https://www.taxtmi.com/caselaws?id=377376 The appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act for the assessment year 2010-11 was successful. The ITAT Mumbai, following a Bombay High Court decision, emphasized that penalties should only be imposed based on the grounds for which proceedings were initiated, not on new grounds. As there was an inconsistency between the grounds for penalty initiation and imposition in this case, the penalty was deleted. This decision underscores the importance of maintaining coherence between the reasons for penalty initiation and imposition to ensure fairness and proper notice to the taxpayer. en-us Mon, 25 Mar 2019 00:00:00 +0530 Thu, 28 Mar 2019 07:07:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377376 The appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act for the assessment year 2010-11 was successful. The ITAT Mumbai, following a Bombay High Court decision, emphasized that penalties should only be imposed based on the grounds for which proceedings were initiated, not on new grounds. As there was an inconsistency between the grounds for penalty initiation and imposition in this case, the penalty was deleted. This decision underscores the importance of maintaining coherence between the reasons for penalty initiation and imposition to ensure fairness and proper notice to the taxpayer. Case-Laws Income Tax Mon, 25 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377376