https://www.taxtmi.com/caselaws?id=326348 The Tribunal found that the penalty proceedings were not initiated correctly due to defects in the notice issued under Section 274 and the lack of specificity in the charges. As a result, the penalty imposed under Section 271(1)(c) for concealing income particulars was deleted. The Tribunal did not delve into the merits of the case but focused solely on procedural irregularities, ultimately ruling in favor of the appellant and overturning the penalty confirmed by the CIT(A). en-us Fri, 11 Mar 2016 00:00:00 +0530 Wed, 13 Apr 2016 10:03:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326348 The Tribunal found that the penalty proceedings were not initiated correctly due to defects in the notice issued under Section 274 and the lack of specificity in the charges. As a result, the penalty imposed under Section 271(1)(c) for concealing income particulars was deleted. The Tribunal did not delve into the merits of the case but focused solely on procedural irregularities, ultimately ruling in favor of the appellant and overturning the penalty confirmed by the CIT(A). Case-Laws Income Tax Fri, 11 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326348