https://www.taxtmi.com/caselaws?id=372299 The Tribunal partially allowed the appeal for statistical purposes, remitting the issue of the validity of the show cause notice to the CIT(A) for a factual examination. The Tribunal upheld the CIT(A)'s decision on the merits of the case, confirming the penalty under Section 271(1)(c) for concealment of income as per Explanation 5A. The case was directed to be reconsidered by the CIT(A) with reference to the judicial precedents and the factual findings on the notice issue. en-us Thu, 13 Dec 2018 00:00:00 +0530 Thu, 20 Dec 2018 08:17:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372299 The Tribunal partially allowed the appeal for statistical purposes, remitting the issue of the validity of the show cause notice to the CIT(A) for a factual examination. The Tribunal upheld the CIT(A)'s decision on the merits of the case, confirming the penalty under Section 271(1)(c) for concealment of income as per Explanation 5A. The case was directed to be reconsidered by the CIT(A) with reference to the judicial precedents and the factual findings on the notice issue. Case-Laws Income Tax Thu, 13 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372299