https://www.taxtmi.com/caselaws?id=351176 The Tribunal allowed the appeal of the assessee for the assessment year 2011-12, as it found the penalty proceedings invalid due to deficiencies in the notice issued for initiating penalty proceedings under section 271(1)(c) of the Income-tax Act. The Tribunal held that the notice did not clearly specify the grounds for penalty, as it failed to distinguish between concealment of income and furnishing inaccurate particulars of income, as required by law. Consequently, the Tribunal deemed the penalty proceedings invalid based on the inadequacies in the notice, leading to the appellant's successful appeal. en-us Wed, 13 Sep 2017 00:00:00 +0530 Tue, 21 Nov 2017 08:50:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351176 The Tribunal allowed the appeal of the assessee for the assessment year 2011-12, as it found the penalty proceedings invalid due to deficiencies in the notice issued for initiating penalty proceedings under section 271(1)(c) of the Income-tax Act. The Tribunal held that the notice did not clearly specify the grounds for penalty, as it failed to distinguish between concealment of income and furnishing inaccurate particulars of income, as required by law. Consequently, the Tribunal deemed the penalty proceedings invalid based on the inadequacies in the notice, leading to the appellant's successful appeal. Case-Laws Income Tax Wed, 13 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351176