https://www.taxtmi.com/caselaws?id=394709 The Tribunal allowed the appeal, emphasizing the necessity of clarity in initiating and levying penalties under section 271(1)(c) of the Act. It highlighted the legal obligation for the Assessing Officer to specify the appropriate limb of clause (c) at both stages. Due to the ambiguity in the satisfaction of the Assessing Officer and the failure to specify the relevant limb, the penalty was deemed unsustainable, leading to the direction to delete the entire penalty imposed. en-us Tue, 11 Feb 2020 00:00:00 +0530 Wed, 22 Apr 2020 11:43:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394709 The Tribunal allowed the appeal, emphasizing the necessity of clarity in initiating and levying penalties under section 271(1)(c) of the Act. It highlighted the legal obligation for the Assessing Officer to specify the appropriate limb of clause (c) at both stages. Due to the ambiguity in the satisfaction of the Assessing Officer and the failure to specify the relevant limb, the penalty was deemed unsustainable, leading to the direction to delete the entire penalty imposed. Case-Laws Income Tax Tue, 11 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394709