https://www.taxtmi.com/caselaws?id=409962 The Tribunal allowed the assessee's appeal, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act for Assessment Years 2010-11, 2011-12, and 2012-13. Relying on a precedent emphasizing the necessity of specifying grounds for penalty imposition, the Tribunal found the penalty unjustified due to deficiencies in the notice issued by the Assessing Officer. Consequently, penalties for all three years were overturned, resulting in the allowance of all appeals by the assessee. en-us Tue, 20 Jul 2021 00:00:00 +0530 Wed, 21 Jul 2021 10:08:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409962 The Tribunal allowed the assessee's appeal, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act for Assessment Years 2010-11, 2011-12, and 2012-13. Relying on a precedent emphasizing the necessity of specifying grounds for penalty imposition, the Tribunal found the penalty unjustified due to deficiencies in the notice issued by the Assessing Officer. Consequently, penalties for all three years were overturned, resulting in the allowance of all appeals by the assessee. Case-Laws Income Tax Tue, 20 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409962