https://www.taxtmi.com/caselaws?id=394715 The Tribunal allowed the appeal, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act due to ambiguity in the satisfaction recorded by the Assessing Officer. The penalty was deemed legally unsustainable as the Officer failed to specify the particular limb of clause (c) during penalty initiation and levy. The Tribunal emphasized the necessity of clear reference to the applicable clause to ensure adherence to legal provisions. Consequently, the Assessing Officer was directed to delete the entire penalty, highlighting the importance of meeting legal requirements to avoid unsustainability of penalties. en-us Wed, 12 Feb 2020 00:00:00 +0530 Wed, 22 Apr 2020 12:00:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394715 The Tribunal allowed the appeal, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act due to ambiguity in the satisfaction recorded by the Assessing Officer. The penalty was deemed legally unsustainable as the Officer failed to specify the particular limb of clause (c) during penalty initiation and levy. The Tribunal emphasized the necessity of clear reference to the applicable clause to ensure adherence to legal provisions. Consequently, the Assessing Officer was directed to delete the entire penalty, highlighting the importance of meeting legal requirements to avoid unsustainability of penalties. Case-Laws Income Tax Wed, 12 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394715