https://www.taxtmi.com/caselaws?id=275810 The High Court at Patna allowed all the assessee's appeals, canceling the penalty for all relevant assessment years. The court held that the penalty notice issued under section 271(1)(c) of the Income-tax Act was invalid as it failed to specify whether the assessee concealed income or furnished inaccurate particulars. The court relied on a decision from the Karnataka High Court and the Supreme Court's dismissal of a similar appeal, concluding that the defective notice vitiated the penalty proceedings. The judgment was delivered on 12.04.2017. en-us Wed, 12 Apr 2017 00:00:00 +0530 Sat, 20 Oct 2018 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275810 The High Court at Patna allowed all the assessee's appeals, canceling the penalty for all relevant assessment years. The court held that the penalty notice issued under section 271(1)(c) of the Income-tax Act was invalid as it failed to specify whether the assessee concealed income or furnished inaccurate particulars. The court relied on a decision from the Karnataka High Court and the Supreme Court's dismissal of a similar appeal, concluding that the defective notice vitiated the penalty proceedings. The judgment was delivered on 12.04.2017. Case-Laws Income Tax Wed, 12 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275810