https://www.taxtmi.com/caselaws?id=381712 The ITAT set aside the CIT(A)'s order confirming the penalty under section 271(1)(c) due to various legal flaws highlighted by the Assessee, including lack of proper consideration of explanations, jurisdictional issues, absence of clear notice specifying grounds for penalty, exceeding limitation period for penalty imposition, and lack of specific grounds for penalty imposition. The case was remanded for a fresh decision in line with ITAT's directions, allowing the Assessee's appeal for statistical purposes and emphasizing the importance of considering all legal aspects in penalty imposition cases. en-us Fri, 14 Jun 2019 00:00:00 +0530 Mon, 17 Jun 2019 09:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381712 The ITAT set aside the CIT(A)'s order confirming the penalty under section 271(1)(c) due to various legal flaws highlighted by the Assessee, including lack of proper consideration of explanations, jurisdictional issues, absence of clear notice specifying grounds for penalty, exceeding limitation period for penalty imposition, and lack of specific grounds for penalty imposition. The case was remanded for a fresh decision in line with ITAT's directions, allowing the Assessee's appeal for statistical purposes and emphasizing the importance of considering all legal aspects in penalty imposition cases. Case-Laws Income Tax Fri, 14 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381712