https://www.taxtmi.com/caselaws?id=370984 The Tribunal found the penalty imposed under section 271(1)(c) of the Income Tax Act unsustainable due to a defective notice issued by the Assessing Officer. The notice did not specify whether the penalty was for concealment of income or furnishing inaccurate particulars, rendering it invalid. Relying on legal precedents, the Tribunal ruled in favor of the Assessee, canceling the penalty and allowing the appeal against the Revenue. en-us Thu, 22 Nov 2018 00:00:00 +0530 Tue, 27 Nov 2018 06:39:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370984 The Tribunal found the penalty imposed under section 271(1)(c) of the Income Tax Act unsustainable due to a defective notice issued by the Assessing Officer. The notice did not specify whether the penalty was for concealment of income or furnishing inaccurate particulars, rendering it invalid. Relying on legal precedents, the Tribunal ruled in favor of the Assessee, canceling the penalty and allowing the appeal against the Revenue. Case-Laws Income Tax Thu, 22 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370984