https://www.taxtmi.com/caselaws?id=422254 The High Court emphasized the necessity for a clear direction to initiate penalty proceedings under section 271(1)(c) of the Income Tax Act. The Tribunal found that the penalty order lacked the required clarity and satisfaction from the Assessing Officer for each addition, leading to the penalty being deemed unsustainable. Consequently, the Tribunal directed the Assessing Officer to delete the penalty, partially allowing the appeal based on technical grounds. en-us Fri, 06 May 2022 00:00:00 +0530 Wed, 11 May 2022 22:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422254 The High Court emphasized the necessity for a clear direction to initiate penalty proceedings under section 271(1)(c) of the Income Tax Act. The Tribunal found that the penalty order lacked the required clarity and satisfaction from the Assessing Officer for each addition, leading to the penalty being deemed unsustainable. Consequently, the Tribunal directed the Assessing Officer to delete the penalty, partially allowing the appeal based on technical grounds. Case-Laws Income Tax Fri, 06 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422254