https://www.taxtmi.com/caselaws?id=234979 The appeal was filed by the revenue against the order of the ld. CIT(A) deleting the penalty under section 271(1)(c) imposed by the AO. The CIT(A) allowed the appeal, citing improper service of notices and lack of cooperation from the assessee as reasons for deleting the penalty. The AO had imposed the penalty for concealing income from the sale of shares, but the CIT(A) found the penalty unjustified due to procedural irregularities. The Tribunal overturned the CIT(A)'s decision and directed the restoration of the penalty proceedings to the Assessing Officer for a fair hearing and proper consideration. en-us Tue, 30 Apr 2013 00:00:00 +0530 Sat, 06 Jul 2013 09:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234979 The appeal was filed by the revenue against the order of the ld. CIT(A) deleting the penalty under section 271(1)(c) imposed by the AO. The CIT(A) allowed the appeal, citing improper service of notices and lack of cooperation from the assessee as reasons for deleting the penalty. The AO had imposed the penalty for concealing income from the sale of shares, but the CIT(A) found the penalty unjustified due to procedural irregularities. The Tribunal overturned the CIT(A)'s decision and directed the restoration of the penalty proceedings to the Assessing Officer for a fair hearing and proper consideration. Case-Laws Income Tax Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234979