https://www.taxtmi.com/caselaws?id=286221 The Tribunal allowed the appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. It ruled in favor of the appellant, setting aside the penalty as the Assessing Officer failed to specify the specific charge for which the penalty was imposed, as required by law. The decision underscored the importance of clarity in charging penalties under the specified section, emphasizing the necessity for precise and specific charges to be established by the Assessing Officer for accurate penalty imposition. en-us Wed, 28 Feb 2018 00:00:00 +0530 Tue, 18 Feb 2020 08:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286221 The Tribunal allowed the appeal against the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961. It ruled in favor of the appellant, setting aside the penalty as the Assessing Officer failed to specify the specific charge for which the penalty was imposed, as required by law. The decision underscored the importance of clarity in charging penalties under the specified section, emphasizing the necessity for precise and specific charges to be established by the Assessing Officer for accurate penalty imposition. Case-Laws Income Tax Wed, 28 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286221