https://www.taxtmi.com/caselaws?id=297817 The Tribunal allowed the appeal for the assessment year 2014-2015, directing the deletion of the penalty under section 271(1)(c) of the Income Tax Act. The decision favored the assessee due to deficiencies in the notice issued by the Assessing Officer and in line with legal precedents, emphasizing the importance of clear grounds for penalty initiation. The Tribunal concluded that the penalty order was unsustainable, setting it aside without delving into the case's merits. en-us Wed, 20 May 2020 00:00:00 +0530 Thu, 23 Sep 2021 07:04:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297817 The Tribunal allowed the appeal for the assessment year 2014-2015, directing the deletion of the penalty under section 271(1)(c) of the Income Tax Act. The decision favored the assessee due to deficiencies in the notice issued by the Assessing Officer and in line with legal precedents, emphasizing the importance of clear grounds for penalty initiation. The Tribunal concluded that the penalty order was unsustainable, setting it aside without delving into the case's merits. Case-Laws Income Tax Wed, 20 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297817