https://www.taxtmi.com/caselaws?id=390995 The Tribunal allowed the assessee's appeals, canceling penalties imposed under section 271(1)(c) of the Income Tax Act for assessment years 2011-2012 to 2015-2016. The Tribunal found the penalty notices lacked specificity on grounds for penalty imposition, following legal precedents. Emphasizing the need for clear notices, the Tribunal concluded the penalty proceedings lacked proper application of mind by the Assessing Officer, rendering them unsustainable. Relying on established legal principles, including relevant case laws, the Tribunal set aside all penalty orders, highlighting the importance of specific penalty notices in penalty imposition cases. en-us Wed, 08 Jan 2020 00:00:00 +0530 Thu, 16 Jan 2020 18:52:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390995 The Tribunal allowed the assessee's appeals, canceling penalties imposed under section 271(1)(c) of the Income Tax Act for assessment years 2011-2012 to 2015-2016. The Tribunal found the penalty notices lacked specificity on grounds for penalty imposition, following legal precedents. Emphasizing the need for clear notices, the Tribunal concluded the penalty proceedings lacked proper application of mind by the Assessing Officer, rendering them unsustainable. Relying on established legal principles, including relevant case laws, the Tribunal set aside all penalty orders, highlighting the importance of specific penalty notices in penalty imposition cases. Case-Laws Income Tax Wed, 08 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390995