https://www.taxtmi.com/caselaws?id=376979 The Tribunal found the penalty proceedings initiated under Section 271(1)(c) of the Income Tax Act to be invalid due to the Assessing Officer's lack of clarity and specificity in both the notice and penalty order. The ambiguity regarding the exact charge, whether for concealment of income or furnishing inaccurate particulars, rendered the proceedings defective. Consequently, the Tribunal directed the deletion of the penalty levied and allowed the appeal of the assessee, emphasizing the importance of clear charges in penalty proceedings. en-us Wed, 20 Feb 2019 00:00:00 +0530 Tue, 19 Mar 2019 10:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376979 The Tribunal found the penalty proceedings initiated under Section 271(1)(c) of the Income Tax Act to be invalid due to the Assessing Officer's lack of clarity and specificity in both the notice and penalty order. The ambiguity regarding the exact charge, whether for concealment of income or furnishing inaccurate particulars, rendered the proceedings defective. Consequently, the Tribunal directed the deletion of the penalty levied and allowed the appeal of the assessee, emphasizing the importance of clear charges in penalty proceedings. Case-Laws Income Tax Wed, 20 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376979