https://www.taxtmi.com/caselaws?id=380823 The Tribunal allowed all three appeals, canceling penalties imposed by the Assessing Officer and upheld by the CIT (A) for the assessment years 2008-09, 2010-11, and 2011-12. The penalties were canceled due to the lack of specificity in the notices issued under section 274 r/w. 271 (1) (c), following a similar ruling in the assessee's case for A. Y. 2009-10. The Tribunal emphasized the need to favor the view beneficial to the assessee in case of ambiguity. en-us Wed, 22 May 2019 00:00:00 +0530 Wed, 29 May 2019 08:13:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380823 The Tribunal allowed all three appeals, canceling penalties imposed by the Assessing Officer and upheld by the CIT (A) for the assessment years 2008-09, 2010-11, and 2011-12. The penalties were canceled due to the lack of specificity in the notices issued under section 274 r/w. 271 (1) (c), following a similar ruling in the assessee's case for A. Y. 2009-10. The Tribunal emphasized the need to favor the view beneficial to the assessee in case of ambiguity. Case-Laws Income Tax Wed, 22 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380823