https://www.taxtmi.com/caselaws?id=370349 The penalties imposed under Sec.271(1)(c) for inaccurate income particulars and concealment of income for A.Y. 2005-06 and A.Y. 2006-07 were challenged by the appellant. The Tribunal found the penalty orders legally unsustainable due to the lack of clarity in specifying the violations at different stages. Emphasizing the importance of correctly identifying the grounds for penalty imposition, the Tribunal quashed the penalties in both cases. As a result, the appeals for both assessment years were partly allowed based on the inconsistency and ambiguity in the penalty imposition process. en-us Wed, 10 Oct 2018 00:00:00 +0530 Fri, 16 Nov 2018 07:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370349 The penalties imposed under Sec.271(1)(c) for inaccurate income particulars and concealment of income for A.Y. 2005-06 and A.Y. 2006-07 were challenged by the appellant. The Tribunal found the penalty orders legally unsustainable due to the lack of clarity in specifying the violations at different stages. Emphasizing the importance of correctly identifying the grounds for penalty imposition, the Tribunal quashed the penalties in both cases. As a result, the appeals for both assessment years were partly allowed based on the inconsistency and ambiguity in the penalty imposition process. Case-Laws Income Tax Wed, 10 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370349