https://www.taxtmi.com/caselaws?id=383520 The Tribunal allowed the assessee's appeals for the A.Ys 2009-10, 2010-11, 2012-13, and 2013-14, and dismissed the Revenue's appeal for A.Y. 2014-15. The key findings were that the penalty under Section 271(1)(c) was not justified due to the lack of clear specification in the penalty notice and the differing conditions between Sections 271AAB and 271(1)(c). The Tribunal emphasized the necessity for the AO to clearly specify the grounds for penalty in the notice to maintain its validity. en-us Fri, 19 Jul 2019 00:00:00 +0530 Wed, 24 Jul 2019 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383520 The Tribunal allowed the assessee's appeals for the A.Ys 2009-10, 2010-11, 2012-13, and 2013-14, and dismissed the Revenue's appeal for A.Y. 2014-15. The key findings were that the penalty under Section 271(1)(c) was not justified due to the lack of clear specification in the penalty notice and the differing conditions between Sections 271AAB and 271(1)(c). The Tribunal emphasized the necessity for the AO to clearly specify the grounds for penalty in the notice to maintain its validity. Case-Laws Income Tax Fri, 19 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383520