https://www.taxtmi.com/caselaws?id=394029 The Tribunal allowed all three appeals of the assessee, finding the penalty imposed under section 271(1)(c) of the Income-tax Act unsustainable due to ambiguity in the satisfaction recorded by the Assessing Officer and failure to specify the specific default in the penalty notice. Emphasizing the legal requirement for clarity in penalty proceedings, the Tribunal set aside the penalty order and directed its deletion, highlighting the importance of complying with legal standards to ensure procedural fairness and natural justice. The decision applied uniformly to similar appeals, promoting consistency in judicial outcomes. en-us Thu, 05 Mar 2020 00:00:00 +0530 Sat, 28 Mar 2020 11:36:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394029 The Tribunal allowed all three appeals of the assessee, finding the penalty imposed under section 271(1)(c) of the Income-tax Act unsustainable due to ambiguity in the satisfaction recorded by the Assessing Officer and failure to specify the specific default in the penalty notice. Emphasizing the legal requirement for clarity in penalty proceedings, the Tribunal set aside the penalty order and directed its deletion, highlighting the importance of complying with legal standards to ensure procedural fairness and natural justice. The decision applied uniformly to similar appeals, promoting consistency in judicial outcomes. Case-Laws Income Tax Thu, 05 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394029