https://www.taxtmi.com/caselaws?id=384374 The Tribunal allowed the Assessee's appeal, canceling the penalty imposed under section 271(1)(c) of the I.T. Act for the relevant assessment year. The decision was based on the lack of specificity in the notice issued by the A.O. regarding the specific limb of penalty proceedings, rendering the penalty illegal. The Tribunal cited previous judgments and legal principles, setting aside the lower authorities' orders and canceling the penalty in line with consistent views on the issue. en-us Thu, 08 Aug 2019 00:00:00 +0530 Mon, 12 Aug 2019 07:56:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384374 The Tribunal allowed the Assessee's appeal, canceling the penalty imposed under section 271(1)(c) of the I.T. Act for the relevant assessment year. The decision was based on the lack of specificity in the notice issued by the A.O. regarding the specific limb of penalty proceedings, rendering the penalty illegal. The Tribunal cited previous judgments and legal principles, setting aside the lower authorities' orders and canceling the penalty in line with consistent views on the issue. Case-Laws Income Tax Thu, 08 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384374