https://www.taxtmi.com/highlights?id=69061 Penalty u/s 271(1)(c) - The prerequisites towards applicability of Explanation-5A has not been demonstrated by the Revenue either in the penalty order or the first appellate order thereon. Thus, the imposition of penalty under the shelter of Explanation 5A is clearly without sanction of law. - AT en-us Tue, 04 Apr 2023 15:58:32 +0530 Tue, 04 Apr 2023 15:58:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69061 Penalty u/s 271(1)(c) - The prerequisites towards applicability of Explanation-5A has not been demonstrated by the Revenue either in the penalty order or the first appellate order thereon. Thus, the imposition of penalty under the shelter of Explanation 5A is clearly without sanction of law. - AT Highlights Income Tax Tue, 04 Apr 2023 15:58:32 +0530 https://www.taxtmi.com/highlights?id=69061