https://www.taxtmi.com/caselaws?id=359857 The Tribunal allowed the appeal of the assessee, canceling the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961. The Tribunal ruled that the show cause notice lacked specificity in charges, failing to clarify whether the penalty was for concealing income or furnishing inaccurate particulars. Due to this defect, the penalty imposition was deemed invalid, and the penalty was consequently canceled. en-us Thu, 26 Apr 2018 00:00:00 +0530 Sat, 05 May 2018 08:42:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359857 The Tribunal allowed the appeal of the assessee, canceling the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961. The Tribunal ruled that the show cause notice lacked specificity in charges, failing to clarify whether the penalty was for concealing income or furnishing inaccurate particulars. Due to this defect, the penalty imposition was deemed invalid, and the penalty was consequently canceled. Case-Laws Income Tax Thu, 26 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359857