https://www.taxtmi.com/caselaws?id=410704 The Appellate Tribunal allowed the appeal, deleting the penalty of Rs. 2,00,060 imposed under section 271(1)(c) of the Income Tax Act, 1961 for Assessment Year 2011-12. The Tribunal found that the assessing officer lacked specificity in the penalty notice, leading to confusion between different sections of the Act and incorrect premises for imposing the penalty. Emphasizing discretion in penalty imposition, the Tribunal concluded that the penalty should not apply due to technicalities and absence of willful misconduct. en-us Thu, 29 Jul 2021 00:00:00 +0530 Sat, 07 Aug 2021 08:50:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410704 The Appellate Tribunal allowed the appeal, deleting the penalty of Rs. 2,00,060 imposed under section 271(1)(c) of the Income Tax Act, 1961 for Assessment Year 2011-12. The Tribunal found that the assessing officer lacked specificity in the penalty notice, leading to confusion between different sections of the Act and incorrect premises for imposing the penalty. Emphasizing discretion in penalty imposition, the Tribunal concluded that the penalty should not apply due to technicalities and absence of willful misconduct. Case-Laws Income Tax Thu, 29 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410704