https://www.taxtmi.com/caselaws?id=200233 The Tribunal held that the penalty proceedings were invalid due to the failure to specify the exact charge in the show cause notice. Additionally, the penalty for concealment should be computed based on the final additions confirmed by the Tribunal. As a result, the appeals of both the assessee and the Revenue were dismissed. en-us Fri, 26 May 2017 00:00:00 +0530 Fri, 23 Mar 2018 20:36:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200233 The Tribunal held that the penalty proceedings were invalid due to the failure to specify the exact charge in the show cause notice. Additionally, the penalty for concealment should be computed based on the final additions confirmed by the Tribunal. As a result, the appeals of both the assessee and the Revenue were dismissed. Case-Laws Income Tax Fri, 26 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200233