https://www.taxtmi.com/caselaws?id=346581 The Tribunal allowed the appeal of the assessee, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act. The Tribunal found that the Assessing Officer failed to specify the specific charge for which the penalty was levied, as required by law. As the AO did not establish the concealment of income or furnishing inaccurate particulars of income by the assessee, the penalty was deleted, and the appeal was allowed on 10th August 2017. en-us Thu, 10 Aug 2017 00:00:00 +0530 Sat, 19 Aug 2017 08:20:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346581 The Tribunal allowed the appeal of the assessee, setting aside the penalty imposed under section 271(1)(c) of the Income Tax Act. The Tribunal found that the Assessing Officer failed to specify the specific charge for which the penalty was levied, as required by law. As the AO did not establish the concealment of income or furnishing inaccurate particulars of income by the assessee, the penalty was deleted, and the appeal was allowed on 10th August 2017. Case-Laws Income Tax Thu, 10 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346581