Calcutta HC Quashes Penalty Under Section 271(1)(c) for Unspecified Charge

KPC Medical College And Hospital Vs PCIT (Calcutta High Court) Case Background and Procedural History The case originated from four appeals filed by the assessee, KPC Medical College And Hospital, under Section 260A of the Income Tax Act, 1961, challenging a common order of the Income Tax Appellate Tribunal (ITAT) related to penalty proceedings for multiple assessment years (2007-08 to 2009-10 and 2011-12). Initially, a Division Bench of the Calcutta High Court had dismissed three of the appeals (ITAT 105/2015, 107/2015, and 108/2015) by an order dated August 7, 2015, holding that no substanti...