https://www.taxtmi.com/caselaws?id=393064 The Tribunal set aside the penalty imposed under Section 271(1)(c) of the IT Act for Assessment Year 2012-13 due to the lack of a clear finding on the nature of the default by the assessee. Emphasizing the importance of specific findings in penalty orders, the Tribunal remanded the matter for fresh consideration, stressing the need for a fair opportunity for the assessee in the appellate process. The appeal was allowed for statistical purposes, underscoring the significance of procedural fairness and legal principles in penalty proceedings. en-us Wed, 15 Jan 2020 00:00:00 +0530 Thu, 05 Mar 2020 12:07:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393064 The Tribunal set aside the penalty imposed under Section 271(1)(c) of the IT Act for Assessment Year 2012-13 due to the lack of a clear finding on the nature of the default by the assessee. Emphasizing the importance of specific findings in penalty orders, the Tribunal remanded the matter for fresh consideration, stressing the need for a fair opportunity for the assessee in the appellate process. The appeal was allowed for statistical purposes, underscoring the significance of procedural fairness and legal principles in penalty proceedings. Case-Laws Income Tax Wed, 15 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393064