https://www.taxtmi.com/caselaws?id=267990 The High Court upheld the Tribunal's decision, dismissing the Revenue's appeal and holding that the penalty under Section 271(1)(c) was not leviable. The Court emphasized the importance of clear notices in penalty proceedings and affirmed the absence of concealment or inaccurate reporting of income by the assessee. Finding no legal grounds for interference, the Court dismissed the appeal. en-us Tue, 22 Sep 2015 00:00:00 +0530 Wed, 18 Nov 2015 09:37:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267990 The High Court upheld the Tribunal's decision, dismissing the Revenue's appeal and holding that the penalty under Section 271(1)(c) was not leviable. The Court emphasized the importance of clear notices in penalty proceedings and affirmed the absence of concealment or inaccurate reporting of income by the assessee. Finding no legal grounds for interference, the Court dismissed the appeal. Case-Laws Income Tax Tue, 22 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267990