https://www.taxtmi.com/caselaws?id=390737 The Income Tax Appellate Tribunal (ITAT) set aside penalty orders imposed under section 271(1)(c) of the Income Tax Act for various assessment years due to lack of specificity in the penalty notices. The ITAT ruled in favor of the assessee, canceling the penalties upheld by the CIT(A) and imposed by the Assessing Officer. The decision emphasized the importance of clear and specific penalty notices and the need for assessing officers to apply due diligence before imposing penalties. en-us Wed, 08 Jan 2020 00:00:00 +0530 Fri, 10 Jan 2020 07:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390737 The Income Tax Appellate Tribunal (ITAT) set aside penalty orders imposed under section 271(1)(c) of the Income Tax Act for various assessment years due to lack of specificity in the penalty notices. The ITAT ruled in favor of the assessee, canceling the penalties upheld by the CIT(A) and imposed by the Assessing Officer. The decision emphasized the importance of clear and specific penalty notices and the need for assessing officers to apply due diligence before imposing penalties. Case-Laws Income Tax Wed, 08 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390737