https://www.taxtmi.com/caselaws?id=375082 The Tribunal allowed the appeal, deleting the penalty imposed under Section 271(1)(c) due to the defective show cause notice that did not specify the charge of concealment of income or furnishing inaccurate particulars of income. Relying on precedents, including decisions from the Karnataka High Court, the Tribunal canceled the penalty, overturning the AO and CIT(A)'s decision. The order was pronounced on 8th February 2019. en-us Fri, 08 Feb 2019 00:00:00 +0530 Thu, 14 Feb 2019 06:20:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375082 The Tribunal allowed the appeal, deleting the penalty imposed under Section 271(1)(c) due to the defective show cause notice that did not specify the charge of concealment of income or furnishing inaccurate particulars of income. Relying on precedents, including decisions from the Karnataka High Court, the Tribunal canceled the penalty, overturning the AO and CIT(A)'s decision. The order was pronounced on 8th February 2019. Case-Laws Income Tax Fri, 08 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375082