https://www.taxtmi.com/caselaws?id=432475 The Appellate Tribunal ruled in favor of the Assessee, holding that the penalty imposed under section 271(1)(c) of the Income-tax Act was not leviable. The Tribunal found that the notices issued by the Assessing Officer were vague and did not specify the particular limb of the offense, rendering the penalty invalid. By referencing relevant case laws, including decisions from higher courts, the Tribunal emphasized the necessity of clearly specifying the grounds for penalty imposition. Consequently, the Tribunal allowed the Assessee's appeal and deleted the penalty imposed. en-us Thu, 05 Jan 2023 00:00:00 +0530 Fri, 06 Jan 2023 09:35:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432475 The Appellate Tribunal ruled in favor of the Assessee, holding that the penalty imposed under section 271(1)(c) of the Income-tax Act was not leviable. The Tribunal found that the notices issued by the Assessing Officer were vague and did not specify the particular limb of the offense, rendering the penalty invalid. By referencing relevant case laws, including decisions from higher courts, the Tribunal emphasized the necessity of clearly specifying the grounds for penalty imposition. Consequently, the Tribunal allowed the Assessee's appeal and deleted the penalty imposed. Case-Laws Income Tax Thu, 05 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432475