https://www.taxtmi.com/caselaws?id=302763 The ITAT allowed the appeal, emphasizing the necessity of proper satisfaction and clarity in specifying charges under section 271(1)(c) of the Income Tax Act for penalty initiation. The ITAT reversed the lower authorities' decision, directing the assessing officer to delete the penalty imposed on the assessee for the Assessment Year 2009-10 due to inconsistencies in the penalty initiation process. en-us Tue, 17 Sep 2019 00:00:00 +0530 Fri, 17 Jun 2022 09:34:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302763 The ITAT allowed the appeal, emphasizing the necessity of proper satisfaction and clarity in specifying charges under section 271(1)(c) of the Income Tax Act for penalty initiation. The ITAT reversed the lower authorities' decision, directing the assessing officer to delete the penalty imposed on the assessee for the Assessment Year 2009-10 due to inconsistencies in the penalty initiation process. Case-Laws Income Tax Tue, 17 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302763