https://www.taxtmi.com/caselaws?id=357660 The High Court considered an appeal for admission challenging a penalty imposed under Section 271(1)(c) of the Income Tax Act. The Court found ambiguity in the penalty imposition as it did not clearly specify whether it was for concealment of income particulars or furnishing inaccurate particulars. Due to this lack of clarity, the Court restrained the Revenue from relying on the impugned order for prosecution until the appeal's final disposal, emphasizing the need for a fair process. en-us Fri, 23 Mar 2018 00:00:00 +0530 Tue, 27 Mar 2018 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357660 The High Court considered an appeal for admission challenging a penalty imposed under Section 271(1)(c) of the Income Tax Act. The Court found ambiguity in the penalty imposition as it did not clearly specify whether it was for concealment of income particulars or furnishing inaccurate particulars. Due to this lack of clarity, the Court restrained the Revenue from relying on the impugned order for prosecution until the appeal's final disposal, emphasizing the need for a fair process. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357660