https://www.taxtmi.com/caselaws?id=359309 The Tribunal found the penalty imposed under Section 271(1)(c) invalid due to the vague and ambiguous notice issued by the Assessing Officer, lacking specificity on whether the penalty was for concealment of income or furnishing inaccurate particulars. The Tribunal held that this non-application of mind violated principles of natural justice, rendering the penalty proceedings untenable. As a result, the Tribunal directed the deletion of the penalty under Section 271(1)(c) and allowed the appeal filed by the assessee. en-us Tue, 06 Mar 2018 00:00:00 +0530 Fri, 27 Apr 2018 08:17:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359309 The Tribunal found the penalty imposed under Section 271(1)(c) invalid due to the vague and ambiguous notice issued by the Assessing Officer, lacking specificity on whether the penalty was for concealment of income or furnishing inaccurate particulars. The Tribunal held that this non-application of mind violated principles of natural justice, rendering the penalty proceedings untenable. As a result, the Tribunal directed the deletion of the penalty under Section 271(1)(c) and allowed the appeal filed by the assessee. Case-Laws Income Tax Tue, 06 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359309