https://www.taxtmi.com/caselaws?id=178147 The Appellate Tribunal allowed two appeals challenging penalties imposed under Section 271(1)(c) of the Income Tax Act. The penalties were set aside as the penalty orders did not specify whether they were for concealing income or furnishing inaccurate particulars. The Tribunal emphasized the need for clear findings in penalty proceedings and relied on relevant case law to support its decision. Consequently, both penalties were deleted based on the lack of clarity regarding the nature of the penalty imposition. en-us Fri, 31 Aug 2012 00:00:00 +0530 Fri, 29 Jan 2016 10:17:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178147 The Appellate Tribunal allowed two appeals challenging penalties imposed under Section 271(1)(c) of the Income Tax Act. The penalties were set aside as the penalty orders did not specify whether they were for concealing income or furnishing inaccurate particulars. The Tribunal emphasized the need for clear findings in penalty proceedings and relied on relevant case law to support its decision. Consequently, both penalties were deleted based on the lack of clarity regarding the nature of the penalty imposition. Case-Laws Income Tax Fri, 31 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178147