https://www.taxtmi.com/caselaws?id=414305 The Tribunal allowed the appeal, finding the penalty imposition under section 271(1)(c) unjustified and inconsistent with prior decisions. The penalty was deleted due to lack of specific charges and evidence linking the expenditure to the appellant, emphasizing the assessing officer's failure to specify the charge and the absence of material connecting the expenditure to the appellant. en-us Mon, 25 Oct 2021 00:00:00 +0530 Mon, 01 Nov 2021 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414305 The Tribunal allowed the appeal, finding the penalty imposition under section 271(1)(c) unjustified and inconsistent with prior decisions. The penalty was deleted due to lack of specific charges and evidence linking the expenditure to the appellant, emphasizing the assessing officer's failure to specify the charge and the absence of material connecting the expenditure to the appellant. Case-Laws Income Tax Mon, 25 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414305