https://www.taxtmi.com/caselaws?id=60299 The tribunal upheld the Appellate Assistant Commissioner's decision to cancel the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961, due to the non-mention of the penalty amount in the order. The tribunal emphasized that specifying the penalty amount is mandatory for a penalty order to be valid, citing relevant statutory provisions and case law. The tribunal dismissed the revenue's appeal, affirming the cancellation of the penalty and rendering the assessee's cross-objection moot. en-us Fri, 23 Feb 1990 00:00:00 +0530 Tue, 04 Jan 2011 15:47:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60299 The tribunal upheld the Appellate Assistant Commissioner's decision to cancel the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961, due to the non-mention of the penalty amount in the order. The tribunal emphasized that specifying the penalty amount is mandatory for a penalty order to be valid, citing relevant statutory provisions and case law. The tribunal dismissed the revenue's appeal, affirming the cancellation of the penalty and rendering the assessee's cross-objection moot. Case-Laws Income Tax Fri, 23 Feb 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60299