https://www.taxtmi.com/caselaws?id=376578 The Tribunal found the penalty imposed under Section 271(1)(c) of the Income Tax Act unsustainable due to the improper and invalid notice that failed to specify the exact charge of concealment of income or furnishing inaccurate particulars of income. Relying on judicial precedents emphasizing the necessity of a specific charge in penalty notices, the Tribunal directed the Assessing Officer to delete the penalty imposed on the assessee. The appeal was allowed, and the decision was pronounced on 08th March 2019. en-us Fri, 08 Mar 2019 00:00:00 +0530 Wed, 13 Mar 2019 07:27:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376578 The Tribunal found the penalty imposed under Section 271(1)(c) of the Income Tax Act unsustainable due to the improper and invalid notice that failed to specify the exact charge of concealment of income or furnishing inaccurate particulars of income. Relying on judicial precedents emphasizing the necessity of a specific charge in penalty notices, the Tribunal directed the Assessing Officer to delete the penalty imposed on the assessee. The appeal was allowed, and the decision was pronounced on 08th March 2019. Case-Laws Income Tax Fri, 08 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376578