https://www.taxtmi.com/caselaws?id=401694 The ITAT allowed the appeal, directing the deletion of the penalty under section 271(1)(c) for concealing income. It emphasized the necessity of specifying clear grounds for penalty imposition and addressing legal challenges to ensure the validity of penalty orders. The ITAT found the lack of clarity regarding the reasons for the penalty rendered the order unsustainable, leading to the deletion of the penalty. en-us Wed, 25 Nov 2020 00:00:00 +0530 Tue, 15 Dec 2020 10:35:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401694 The ITAT allowed the appeal, directing the deletion of the penalty under section 271(1)(c) for concealing income. It emphasized the necessity of specifying clear grounds for penalty imposition and addressing legal challenges to ensure the validity of penalty orders. The ITAT found the lack of clarity regarding the reasons for the penalty rendered the order unsustainable, leading to the deletion of the penalty. Case-Laws Income Tax Wed, 25 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401694