https://www.taxtmi.com/caselaws?id=288566 The Appellate Tribunal ITAT Delhi ruled in favor of the assessee in penalty imposition under section 271(1)(c). The Tribunal found the Assessing Officer's failure to specify the limb for penalty proceedings as crucial. Emphasizing the necessity of clarity in penalty notices, the Tribunal referred to relevant case laws and the judgment of the jurisdictional high court. Consequently, the Tribunal annulled the penalty imposed by the Revenue, aligning with legal precedents. Both appeals by the assessee were upheld, and the penalty was revoked. en-us Tue, 05 Nov 2019 00:00:00 +0530 Wed, 17 Jun 2020 02:42:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288566 The Appellate Tribunal ITAT Delhi ruled in favor of the assessee in penalty imposition under section 271(1)(c). The Tribunal found the Assessing Officer's failure to specify the limb for penalty proceedings as crucial. Emphasizing the necessity of clarity in penalty notices, the Tribunal referred to relevant case laws and the judgment of the jurisdictional high court. Consequently, the Tribunal annulled the penalty imposed by the Revenue, aligning with legal precedents. Both appeals by the assessee were upheld, and the penalty was revoked. Case-Laws Income Tax Tue, 05 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288566