https://www.taxtmi.com/caselaws?id=408232 The ITAT Surat ruled in favor of the assessee, setting aside the penalty imposed under section 271(1)(c) due to inconsistencies in the charge of penalty between the assessment order and the penalty order. The judgment highlighted the necessity for clarity and specificity in specifying the grounds for penalty imposition to ensure the validity and sustainability of such penalties. en-us Thu, 13 May 2021 00:00:00 +0530 Fri, 04 Jun 2021 08:25:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408232 The ITAT Surat ruled in favor of the assessee, setting aside the penalty imposed under section 271(1)(c) due to inconsistencies in the charge of penalty between the assessment order and the penalty order. The judgment highlighted the necessity for clarity and specificity in specifying the grounds for penalty imposition to ensure the validity and sustainability of such penalties. Case-Laws Income Tax Thu, 13 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408232