Penalty u/s 271(1)(c) Overturned Due to Ambiguity in Proceedings and Terms Used by Assessing Officer.

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....Penalty levied u/s.271(1)(c) - Initiation of penalty proceedings in this case done in a general sense and the levy of penalty is done for both the limbs and such orders are bad in law. Usage of expressions like “or” and “and” confirm the ‘ambiguity’ in the mind of AO. - AT....