https://www.taxtmi.com/caselaws?id=351931 The Tribunal allowed the appeal filed by the assessee primarily on the ground that the penalty notice under Section 274 was invalid due to non-specification of the nature of the penalty. The penalty levied under Section 271(1)(c) for concealment of income was quashed. Other issues raised were not addressed, and the order dated 30th November 2017 set aside the penalty confirmed by the CIT(A). en-us Thu, 30 Nov 2017 00:00:00 +0530 Mon, 04 Dec 2017 08:15:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351931 The Tribunal allowed the appeal filed by the assessee primarily on the ground that the penalty notice under Section 274 was invalid due to non-specification of the nature of the penalty. The penalty levied under Section 271(1)(c) for concealment of income was quashed. Other issues raised were not addressed, and the order dated 30th November 2017 set aside the penalty confirmed by the CIT(A). Case-Laws Income Tax Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351931