https://www.taxtmi.com/caselaws?id=438697 The appeal challenged the penalty confirmation under section 271(1)(c) of the Income Tax Act, 1961 for the Assessment Year 2015-16 due to ambiguity in the notice and penalty imposition. The Tribunal found that the notice and penalty order lacked specificity and clarity, invoking both limbs of the section without distinction. Relying on precedent, the Tribunal held that such ambiguity vitiates the proceedings. Consequently, the penalty confirmation was set aside, and the appeal was allowed in favor of the assessee. en-us Tue, 30 May 2023 00:00:00 +0530 Tue, 06 Jun 2023 09:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438697 The appeal challenged the penalty confirmation under section 271(1)(c) of the Income Tax Act, 1961 for the Assessment Year 2015-16 due to ambiguity in the notice and penalty imposition. The Tribunal found that the notice and penalty order lacked specificity and clarity, invoking both limbs of the section without distinction. Relying on precedent, the Tribunal held that such ambiguity vitiates the proceedings. Consequently, the penalty confirmation was set aside, and the appeal was allowed in favor of the assessee. Case-Laws Income Tax Tue, 30 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438697