https://www.taxtmi.com/caselaws?id=286296 The ITAT allowed the appeal, emphasizing the necessity of specifying grounds for penalty initiation under section 271(1)(c) of the Income Tax Act, 1961. Relying on judicial precedents, the penalty was deleted as there was no concealment and full details were provided during assessment, aligning with the decision in M/s SSA' Emerald Meadows case. en-us Tue, 15 Jan 2019 00:00:00 +0530 Thu, 20 Feb 2020 10:19:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286296 The ITAT allowed the appeal, emphasizing the necessity of specifying grounds for penalty initiation under section 271(1)(c) of the Income Tax Act, 1961. Relying on judicial precedents, the penalty was deleted as there was no concealment and full details were provided during assessment, aligning with the decision in M/s SSA' Emerald Meadows case. Case-Laws Income Tax Tue, 15 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286296