https://www.taxtmi.com/caselaws?id=197003 The tribunal allowed the appeal filed against the levy of penalty under section 271(1)(c) of the Act, finding that the Assessing Officer did not specify whether the penalty was for inaccurate particulars of income or concealment of income in the notice. Citing a judgment of the Karnataka High Court, the tribunal concluded that this ambiguity rendered the penalty invalid, leading to the appeal being allowed in favor of the assessee on 18th March 2016. en-us Fri, 18 Mar 2016 00:00:00 +0530 Thu, 21 Dec 2017 08:15:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197003 The tribunal allowed the appeal filed against the levy of penalty under section 271(1)(c) of the Act, finding that the Assessing Officer did not specify whether the penalty was for inaccurate particulars of income or concealment of income in the notice. Citing a judgment of the Karnataka High Court, the tribunal concluded that this ambiguity rendered the penalty invalid, leading to the appeal being allowed in favor of the assessee on 18th March 2016. Case-Laws Income Tax Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197003