Tax Penalty Overturned Due to Ambiguity in Charges; Clarity Required for Imposing Tax Law Penalties.

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....Penalty u/s 271(1)(c) - Specific charge - There was obviously no clarity in the mind of the AO as to which limb of Section 271(1)(c) got attracted in the instant case for initiation, followed by imposition of penalty. ITAT was justified in law in deleting the penalty - HC....