https://www.taxtmi.com/caselaws?id=389996 The tribunal allowed the appeals against penalties imposed under section 271(1)(c) of the Income Tax Act for the assessment years 2012-13 and 2013-14. The penalties were set aside due to the lack of specificity in the penalty orders, which did not clearly indicate the specific limb of the clause contravened, rendering the imposition unsustainable in law. The tribunal emphasized the necessity for Assessing Officers to specify the correct limb under the Act to ensure natural justice and the opportunity for the assessee to prepare a defense. The penalties were revoked for both assessment years based on legal deficiencies in the penalty orders. en-us Mon, 18 Nov 2019 00:00:00 +0530 Sat, 21 Dec 2019 10:03:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389996 The tribunal allowed the appeals against penalties imposed under section 271(1)(c) of the Income Tax Act for the assessment years 2012-13 and 2013-14. The penalties were set aside due to the lack of specificity in the penalty orders, which did not clearly indicate the specific limb of the clause contravened, rendering the imposition unsustainable in law. The tribunal emphasized the necessity for Assessing Officers to specify the correct limb under the Act to ensure natural justice and the opportunity for the assessee to prepare a defense. The penalties were revoked for both assessment years based on legal deficiencies in the penalty orders. Case-Laws Income Tax Mon, 18 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389996