ITAT quashes Section 271(1)(c) Penalty Order for lack of Clarity in particulars

Gawar Constructions Co. Pvt. Ltd. Vs DCIT (ITAT Delhi) The case of Gawar Constructions Co. Pvt. Ltd. Vs DCIT deliberated by ITAT Delhi concerns an appeal against penalty orders under Section 271(1)(c) of the Income Tax Act, 1961. The appellant challenged the imposition of penalties for different assessment years, arguing for a lack of clarity in the particulars leading to these penalties. The ITAT Delhi assessed the circumstances surrounding the penalties imposed under Section 271(1)(c) on the appellant for different assessment years. The crux of the issue was that the Assessing Officer (AO) h...