https://www.taxtmi.com/caselaws?id=380647 The Tribunal set aside the penalty confirmed by the CIT-A under section 271(1)(c) for various assessment years. The Tribunal found that the penalty was initiated without specifying the charge in the notice, and the assessing officer's uncertainty in identifying the charge, coupled with the assessee's inadvertent error in accounting treatment, supported the assessee's case. Citing relevant case laws, the Tribunal held that the penalty should be deleted due to the assessing officer's ambiguity in specifying the charge. Consequently, the Tribunal allowed the appeals by the assessee and deleted the penalty. en-us Thu, 16 May 2019 00:00:00 +0530 Fri, 24 May 2019 18:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380647 The Tribunal set aside the penalty confirmed by the CIT-A under section 271(1)(c) for various assessment years. The Tribunal found that the penalty was initiated without specifying the charge in the notice, and the assessing officer's uncertainty in identifying the charge, coupled with the assessee's inadvertent error in accounting treatment, supported the assessee's case. Citing relevant case laws, the Tribunal held that the penalty should be deleted due to the assessing officer's ambiguity in specifying the charge. Consequently, the Tribunal allowed the appeals by the assessee and deleted the penalty. Case-Laws Income Tax Thu, 16 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380647