https://www.taxtmi.com/caselaws?id=199958 The tribunal set aside the penalty imposed under Section 271(1)(c) of the Income Tax Act as the Assessing Officer failed to specify whether it was for concealment of income or furnishing inaccurate particulars. The penalty order lacked clarity, rendering it invalid. The tribunal emphasized the necessity of a specific charge for imposing penalties under Section 271(1)(c) and deleted the penalty, allowing the appeal of the assessee. en-us Fri, 22 Jul 2016 00:00:00 +0530 Fri, 16 Mar 2018 08:27:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199958 The tribunal set aside the penalty imposed under Section 271(1)(c) of the Income Tax Act as the Assessing Officer failed to specify whether it was for concealment of income or furnishing inaccurate particulars. The penalty order lacked clarity, rendering it invalid. The tribunal emphasized the necessity of a specific charge for imposing penalties under Section 271(1)(c) and deleted the penalty, allowing the appeal of the assessee. Case-Laws Income Tax Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199958