https://www.taxtmi.com/caselaws?id=384576 The Tribunal partly allowed all six appeals of the assessee, emphasizing the issue of ambiguity in the satisfaction recorded by the Assessing Officer while initiating and levying the penalty under section 271(1)(c) of the Act. The Tribunal held that the penalty was unsustainable due to the Assessing Officer's failure to clearly specify the applicable limb of the clause, leading to ambiguity. Consequently, the Tribunal set aside the penalty imposed and directed the Assessing Officer to delete the entire penalty amount. en-us Thu, 01 Aug 2019 00:00:00 +0530 Fri, 16 Aug 2019 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384576 The Tribunal partly allowed all six appeals of the assessee, emphasizing the issue of ambiguity in the satisfaction recorded by the Assessing Officer while initiating and levying the penalty under section 271(1)(c) of the Act. The Tribunal held that the penalty was unsustainable due to the Assessing Officer's failure to clearly specify the applicable limb of the clause, leading to ambiguity. Consequently, the Tribunal set aside the penalty imposed and directed the Assessing Officer to delete the entire penalty amount. Case-Laws Income Tax Thu, 01 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384576