https://www.taxtmi.com/caselaws?id=333395 The Tribunal found the penalty order under Section 271(1)(c) of the Income Tax Act invalid due to a defective notice issued by the Assessing Officer. Relying on the Karnataka High Court's decision, the Tribunal concluded that the unclear notice did not specify whether the penalty was for concealing income or furnishing inaccurate particulars, rendering it invalid. As a result, the penalty of Rs. 91,800/- imposed on the assessee was canceled, and the appeal was allowed on 24/08/2016. en-us Wed, 24 Aug 2016 00:00:00 +0530 Thu, 13 Oct 2016 08:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333395 The Tribunal found the penalty order under Section 271(1)(c) of the Income Tax Act invalid due to a defective notice issued by the Assessing Officer. Relying on the Karnataka High Court's decision, the Tribunal concluded that the unclear notice did not specify whether the penalty was for concealing income or furnishing inaccurate particulars, rendering it invalid. As a result, the penalty of Rs. 91,800/- imposed on the assessee was canceled, and the appeal was allowed on 24/08/2016. Case-Laws Income Tax Wed, 24 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333395