https://www.taxtmi.com/caselaws?id=420485 The Tribunal ruled in favor of the appellant, setting aside the penalty order under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal found that the penalty confirmation lacked proper consideration of specific grounds and limitations, was barred by limitation under section 275(a), failed to specify the charge of default clearly, and was unjustified due to the absence of evidence of concealment or inaccuracies. Additionally, the Tribunal acknowledged the complexity of allowing expenses incurred outside India for charitable purposes and accepted the appellant's additional grounds challenging the legality and jurisdiction of the penalty order. en-us Thu, 17 Mar 2022 00:00:00 +0530 Mon, 04 Apr 2022 09:13:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420485 The Tribunal ruled in favor of the appellant, setting aside the penalty order under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal found that the penalty confirmation lacked proper consideration of specific grounds and limitations, was barred by limitation under section 275(a), failed to specify the charge of default clearly, and was unjustified due to the absence of evidence of concealment or inaccuracies. Additionally, the Tribunal acknowledged the complexity of allowing expenses incurred outside India for charitable purposes and accepted the appellant's additional grounds challenging the legality and jurisdiction of the penalty order. Case-Laws Income Tax Thu, 17 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420485