https://www.taxtmi.com/caselaws?id=352782 The Tribunal found the penalty orders under section 271(1)(c) invalid due to the Assessing Officer's failure to specify the exact charge of concealment of income or furnishing inaccurate particulars. The penalties for the relevant assessment years were deleted. Reassessment orders and denial of exemptions were upheld except for violations under section 13(1)(c). The appeals were partly allowed, declaring the penalty proceedings invalid and bad in law. en-us Fri, 08 Dec 2017 00:00:00 +0530 Thu, 21 Dec 2017 08:18:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352782 The Tribunal found the penalty orders under section 271(1)(c) invalid due to the Assessing Officer's failure to specify the exact charge of concealment of income or furnishing inaccurate particulars. The penalties for the relevant assessment years were deleted. Reassessment orders and denial of exemptions were upheld except for violations under section 13(1)(c). The appeals were partly allowed, declaring the penalty proceedings invalid and bad in law. Case-Laws Income Tax Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352782