Tax Penalty Imposed Under Wrong Provision Deemed Unsustainable Due to Lack of Specificity in AO's Standard Proforma Use.

Tax Penalty Imposed Under Wrong Provision Deemed Unsustainable Due to Lack of Specificity in AO's Standard Proforma Use. https://www.taxtmi.com/highlights?id=47521 Penalty u/s 271(1)(c) - AO initiated penalty on one limb of section 271(1)(c) and had imposed penalty on another limb - Third Member has upheld the view of AM that the standard proforma without striking of the relevant clauses will lead to an inference as to non-application of mind by AO and penalty is not sustainable en-us Fri, 28 Jun 2019 07:08:51 +0530 Fri, 28 Jun 2019 07:08:51 +0530 TaxTMI RSS Generator Tax Penalty Imposed Under Wrong Provision Deemed Unsustainable Due to Lack of Specificity in AO's Standard Proforma Use. https://www.taxtmi.com/highlights?id=47521 Penalty u/s 271(1)(c) - AO initiated penalty on one limb of section 271(1)(c) and had imposed penalty on another limb - Third Member has upheld the view of AM that the standard proforma without striking of the relevant clauses will lead to an inference as to non-application of mind by AO and penalty is not sustainable Highlights Income Tax Fri, 28 Jun 2019 07:08:51 +0530 https://www.taxtmi.com/highlights?id=47521