https://www.taxtmi.com/caselaws?id=279461 The Tribunal set aside the CIT(A)'s order and directed the AO to delete the penalty imposed under Section 271(1)(c) of the Income Tax Act due to lack of clarity in specifying the grounds for penalty imposition, depriving the appellant of natural justice. The appeal challenged the penalty order for concealment of income, contending that the notice did not clearly specify the charge for which the penalty was imposed, rendering it void ab initio. The Tribunal emphasized the importance of clarity in penalty notices, following a precedent set by the Hon'ble Bombay High Court. en-us Wed, 24 Jan 2018 00:00:00 +0530 Mon, 18 Mar 2019 22:59:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279461 The Tribunal set aside the CIT(A)'s order and directed the AO to delete the penalty imposed under Section 271(1)(c) of the Income Tax Act due to lack of clarity in specifying the grounds for penalty imposition, depriving the appellant of natural justice. The appeal challenged the penalty order for concealment of income, contending that the notice did not clearly specify the charge for which the penalty was imposed, rendering it void ab initio. The Tribunal emphasized the importance of clarity in penalty notices, following a precedent set by the Hon'ble Bombay High Court. Case-Laws Income Tax Wed, 24 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279461