https://www.taxtmi.com/caselaws?id=368898 The Tribunal found that the show cause notice in this case did not specify the charge against the assessee, creating ambiguity on whether the penalty was for concealing income or providing inaccurate particulars. As a result, the penalty proceedings were deemed unsustainable. The penalty imposed by the Assessing Officer and upheld by the CIT(A) was overturned, leading to the allowance of the assessee's appeal. en-us Fri, 12 Oct 2018 00:00:00 +0530 Tue, 16 Oct 2018 09:50:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368898 The Tribunal found that the show cause notice in this case did not specify the charge against the assessee, creating ambiguity on whether the penalty was for concealing income or providing inaccurate particulars. As a result, the penalty proceedings were deemed unsustainable. The penalty imposed by the Assessing Officer and upheld by the CIT(A) was overturned, leading to the allowance of the assessee's appeal. Case-Laws Income Tax Fri, 12 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368898