https://www.taxtmi.com/caselaws?id=353661 The Tribunal found the penalty notice issued by the Assessing Officer (AO) under Section 271(1)(c) of the Income Tax Act to be invalid due to lack of specificity and non-application of mind. As the notice did not clearly specify the charge for which the penalty was initiated, and included both concealment of income and furnishing inaccurate particulars, the penalty was deemed improper. Consequently, the penalty imposed was directed to be deleted, and the appeals filed by the assessee were allowed. en-us Fri, 05 Jan 2018 00:00:00 +0530 Tue, 09 Jan 2018 08:20:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353661 The Tribunal found the penalty notice issued by the Assessing Officer (AO) under Section 271(1)(c) of the Income Tax Act to be invalid due to lack of specificity and non-application of mind. As the notice did not clearly specify the charge for which the penalty was initiated, and included both concealment of income and furnishing inaccurate particulars, the penalty was deemed improper. Consequently, the penalty imposed was directed to be deleted, and the appeals filed by the assessee were allowed. Case-Laws Income Tax Fri, 05 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353661