https://www.taxtmi.com/caselaws?id=363942 The Ld. CIT(A) admitted the additional ground of appeal raised by the assessee and canceled the penalty imposed by the AO under section 271(1)(c) of the Income Tax Act, 1961. The Ld. CIT(A) found the penalty proceedings invalid due to lack of clarity in the notice issued by the AO, which did not specify whether the penalty was for concealing income or furnishing inaccurate particulars. The Tribunal upheld the decision, emphasizing the importance of a clear charge in penalty proceedings for the assessee's right to defend against allegations. en-us Wed, 18 Jul 2018 00:00:00 +0530 Fri, 20 Jul 2018 05:47:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363942 The Ld. CIT(A) admitted the additional ground of appeal raised by the assessee and canceled the penalty imposed by the AO under section 271(1)(c) of the Income Tax Act, 1961. The Ld. CIT(A) found the penalty proceedings invalid due to lack of clarity in the notice issued by the AO, which did not specify whether the penalty was for concealing income or furnishing inaccurate particulars. The Tribunal upheld the decision, emphasizing the importance of a clear charge in penalty proceedings for the assessee's right to defend against allegations. Case-Laws Income Tax Wed, 18 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363942