https://www.taxtmi.com/caselaws?id=347065 The Tribunal found that the penalty notices issued were vague as they did not specify whether the penalty was for concealment of income or furnishing inaccurate particulars of income. This lack of specificity invalidated the penalty proceedings. As a result, the penalty orders were quashed, and the appeals filed by the assessees were allowed. en-us Wed, 26 Jul 2017 00:00:00 +0530 Mon, 28 Aug 2017 10:01:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347065 The Tribunal found that the penalty notices issued were vague as they did not specify whether the penalty was for concealment of income or furnishing inaccurate particulars of income. This lack of specificity invalidated the penalty proceedings. As a result, the penalty orders were quashed, and the appeals filed by the assessees were allowed. Case-Laws Income Tax Wed, 26 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347065