https://www.taxtmi.com/caselaws?id=369017 The Tribunal upheld the Commissioner's decision to delete the penalty imposed under section 271(1)(c) for the assessment year 2011-12. It found that the notice issued by the Assessing Officer was defective as it did not specify the fault of concealment or furnishing inaccurate particulars, rendering the penalty proceeding invalid. Consequently, the penalty was canceled for all the assessment years under challenge. The Tribunal dismissed the Revenue's appeal and affirmed the cancelation of the penalty for lack of specificity in the notice. en-us Fri, 27 Jul 2018 00:00:00 +0530 Thu, 18 Oct 2018 07:35:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369017 The Tribunal upheld the Commissioner's decision to delete the penalty imposed under section 271(1)(c) for the assessment year 2011-12. It found that the notice issued by the Assessing Officer was defective as it did not specify the fault of concealment or furnishing inaccurate particulars, rendering the penalty proceeding invalid. Consequently, the penalty was canceled for all the assessment years under challenge. The Tribunal dismissed the Revenue's appeal and affirmed the cancelation of the penalty for lack of specificity in the notice. Case-Laws Income Tax Fri, 27 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369017