https://www.taxtmi.com/caselaws?id=374481 The Tribunal found the penalty imposed lacked specificity on the charge, rendering it invalid. As the penalty order did not specify whether it was for concealing income or furnishing inaccurate particulars, it was deleted. The appeal was allowed, emphasizing the necessity of clear findings before imposing penalties under section 271(1)(c) of the Income Tax Act for Assessment Year 2011-12. en-us Thu, 31 Jan 2019 00:00:00 +0530 Sat, 02 Feb 2019 09:28:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374481 The Tribunal found the penalty imposed lacked specificity on the charge, rendering it invalid. As the penalty order did not specify whether it was for concealing income or furnishing inaccurate particulars, it was deleted. The appeal was allowed, emphasizing the necessity of clear findings before imposing penalties under section 271(1)(c) of the Income Tax Act for Assessment Year 2011-12. Case-Laws Income Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374481