https://www.taxtmi.com/caselaws?id=286612 The Tribunal quashed the penalty order under section 271AAA of the Income Tax Act, finding ambiguity in the Assessing Officer's satisfaction and lack of uniformity in specifying the default. Relying on legal precedents, the Tribunal held the penalty unsustainable in law and directed deletion of the penalty, partially allowing the appeal on technical grounds. The decision emphasized the necessity of clear satisfaction and consistency in penalty imposition, leading to the penalty being overturned solely on legal grounds. en-us Wed, 19 Sep 2018 00:00:00 +0530 Fri, 06 Mar 2020 10:45:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286612 The Tribunal quashed the penalty order under section 271AAA of the Income Tax Act, finding ambiguity in the Assessing Officer's satisfaction and lack of uniformity in specifying the default. Relying on legal precedents, the Tribunal held the penalty unsustainable in law and directed deletion of the penalty, partially allowing the appeal on technical grounds. The decision emphasized the necessity of clear satisfaction and consistency in penalty imposition, leading to the penalty being overturned solely on legal grounds. Case-Laws Income Tax Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286612