https://www.taxtmi.com/caselaws?id=343231 The Tribunal allowed the appeal, quashing the penalty proceedings under section 271(1)(C) for Rs. 3,11,37,351 due to lack of clarity in charges and violation of natural justice principles. The decision was based on distinguishing between inaccurate particulars of income and concealing income, supported by legal analysis and precedents. en-us Wed, 17 May 2017 00:00:00 +0530 Mon, 22 May 2017 08:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343231 The Tribunal allowed the appeal, quashing the penalty proceedings under section 271(1)(C) for Rs. 3,11,37,351 due to lack of clarity in charges and violation of natural justice principles. The decision was based on distinguishing between inaccurate particulars of income and concealing income, supported by legal analysis and precedents. Case-Laws Income Tax Wed, 17 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343231