https://www.taxtmi.com/caselaws?id=390034 The Tribunal allowed the appeal of the assessee, emphasizing the necessity for the Assessing Officer to specify the exact limb of section 271(1)(c) of the Income Tax Act during penalty proceedings. The penalty imposed on the assessee was set aside due to the lack of specificity, which deprived the assessee of the opportunity to prepare a defense, violating principles of natural justice. The decision focused on ensuring clarity and adherence to legal requirements in penalty imposition, leading to the deletion of the penalty from the assessee's records. en-us Thu, 19 Dec 2019 00:00:00 +0530 Sun, 22 Dec 2019 07:45:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390034 The Tribunal allowed the appeal of the assessee, emphasizing the necessity for the Assessing Officer to specify the exact limb of section 271(1)(c) of the Income Tax Act during penalty proceedings. The penalty imposed on the assessee was set aside due to the lack of specificity, which deprived the assessee of the opportunity to prepare a defense, violating principles of natural justice. The decision focused on ensuring clarity and adherence to legal requirements in penalty imposition, leading to the deletion of the penalty from the assessee's records. Case-Laws Income Tax Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390034