https://www.taxtmi.com/caselaws?id=357757 The Tribunal allowed the appeal, canceling the penalty imposed under Section 271(1)(c) of the Income Tax Act. The decision was based on the principle that a penalty notice must clearly specify the charge, whether it is for "concealment of income" or "furnishing inaccurate particulars of income." The Tribunal's decision was supported by multiple judicial precedents emphasizing the necessity of specificity in penalty notices. en-us Wed, 21 Mar 2018 00:00:00 +0530 Thu, 29 Mar 2018 11:07:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357757 The Tribunal allowed the appeal, canceling the penalty imposed under Section 271(1)(c) of the Income Tax Act. The decision was based on the principle that a penalty notice must clearly specify the charge, whether it is for "concealment of income" or "furnishing inaccurate particulars of income." The Tribunal's decision was supported by multiple judicial precedents emphasizing the necessity of specificity in penalty notices. Case-Laws Income Tax Wed, 21 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357757