https://www.taxtmi.com/caselaws?id=368960 The Tribunal allowed the appeal filed by the assessee, holding that the penalty notice issued under section 274 read with section 271 was invalid due to ambiguity in specifying whether it was for concealment of income or furnishing inaccurate particulars. The penalty imposed by the Assessing Officer was subsequently canceled. en-us Fri, 12 Oct 2018 00:00:00 +0530 Wed, 17 Oct 2018 07:43:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368960 The Tribunal allowed the appeal filed by the assessee, holding that the penalty notice issued under section 274 read with section 271 was invalid due to ambiguity in specifying whether it was for concealment of income or furnishing inaccurate particulars. The penalty imposed by the Assessing Officer was subsequently canceled. Case-Laws Income Tax Fri, 12 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368960