https://www.taxtmi.com/caselaws?id=293111 The Appellate Tribunal ITAT MUMBAI ruled in favor of the appellant, directing the deletion of the penalty levied under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal emphasized the necessity of specifying the charge for a valid penalty and highlighted the importance of clear and unambiguous charges in penalty notices to ensure fairness and proper defense opportunities for the assessee. en-us Mon, 22 Jul 2019 00:00:00 +0530 Sat, 23 Jan 2021 21:23:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293111 The Appellate Tribunal ITAT MUMBAI ruled in favor of the appellant, directing the deletion of the penalty levied under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal emphasized the necessity of specifying the charge for a valid penalty and highlighted the importance of clear and unambiguous charges in penalty notices to ensure fairness and proper defense opportunities for the assessee. Case-Laws Income Tax Mon, 22 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293111