https://www.taxtmi.com/caselaws?id=359495 The Tribunal held that the penalty of Rs. 52,83,477/- under Section 271(1)(c) was not sustainable due to the vague notice, complete disclosures by the assessee, and lack of evidence of intentional concealment or furnishing inaccurate particulars. The penalty was deleted, and the assessee's appeal was allowed. en-us Fri, 27 Apr 2018 00:00:00 +0530 Tue, 01 May 2018 06:25:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359495 The Tribunal held that the penalty of Rs. 52,83,477/- under Section 271(1)(c) was not sustainable due to the vague notice, complete disclosures by the assessee, and lack of evidence of intentional concealment or furnishing inaccurate particulars. The penalty was deleted, and the assessee's appeal was allowed. Case-Laws Income Tax Fri, 27 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359495