https://www.taxtmi.com/caselaws?id=383740 The Tribunal allowed the appeal, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961 for the assessment year 2005-06. The Tribunal found the initiation of the penalty by the Assessing Officer to be unclear and ambiguous, as the satisfaction for penalty imposition did not align with the specific charge. Due to this lack of clarity and specificity, the penalty proceedings were annulled, emphasizing the importance of clear grounds for penalty imposition to ensure natural justice. en-us Fri, 12 Jul 2019 00:00:00 +0530 Tue, 30 Jul 2019 07:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383740 The Tribunal allowed the appeal, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961 for the assessment year 2005-06. The Tribunal found the initiation of the penalty by the Assessing Officer to be unclear and ambiguous, as the satisfaction for penalty imposition did not align with the specific charge. Due to this lack of clarity and specificity, the penalty proceedings were annulled, emphasizing the importance of clear grounds for penalty imposition to ensure natural justice. Case-Laws Income Tax Fri, 12 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383740