https://www.taxtmi.com/caselaws?id=351989 The Tribunal upheld the CIT(A)'s decision to delete penalties, emphasizing the necessity of specifying the charge when initiating penalty proceedings. It reiterated that concealment of income and furnishing inaccurate particulars of income are distinct charges that must be clearly stated. The Revenue's appeals were dismissed, confirming the deletion of penalties for the relevant assessment years. en-us Wed, 01 Nov 2017 00:00:00 +0530 Tue, 05 Dec 2017 08:03:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351989 The Tribunal upheld the CIT(A)'s decision to delete penalties, emphasizing the necessity of specifying the charge when initiating penalty proceedings. It reiterated that concealment of income and furnishing inaccurate particulars of income are distinct charges that must be clearly stated. The Revenue's appeals were dismissed, confirming the deletion of penalties for the relevant assessment years. Case-Laws Income Tax Wed, 01 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351989