https://www.taxtmi.com/caselaws?id=415222 The Tribunal upheld the decision to cancel the penalty under the Income Tax Act for the assessment year 2014-15. The Commissioner's deletion of the penalty was supported by the principle favoring the Assessee when interpreting taxing provisions. The lack of specificity in the penalty notice, specifically in specifying the limb under which the penalty was imposed, rendered the penalty not leviable. The appeal by the Revenue Department was dismissed, affirming the cancellation of the penalty. en-us Thu, 23 Sep 2021 00:00:00 +0530 Mon, 29 Nov 2021 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415222 The Tribunal upheld the decision to cancel the penalty under the Income Tax Act for the assessment year 2014-15. The Commissioner's deletion of the penalty was supported by the principle favoring the Assessee when interpreting taxing provisions. The lack of specificity in the penalty notice, specifically in specifying the limb under which the penalty was imposed, rendered the penalty not leviable. The appeal by the Revenue Department was dismissed, affirming the cancellation of the penalty. Case-Laws Income Tax Thu, 23 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415222