https://www.taxtmi.com/caselaws?id=379455 The Tribunal set aside the CIT(A)'s order and canceled the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961, due to the Assessing Officer's failure to clearly specify the grounds for the penalty in the notice issued, which indicated both concealment and furnishing of inaccurate particulars of income without clarity on the specific ground. The Tribunal emphasized the importance of a clear understanding of the alleged offense in penalty proceedings and ruled in favor of the assessee based on the lack of clarity in the penalty notice and the absence of proper application of mind by the Assessing Officer. en-us Tue, 30 Apr 2019 00:00:00 +0530 Fri, 03 May 2019 08:59:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379455 The Tribunal set aside the CIT(A)'s order and canceled the penalty imposed under section 271(1)(c) of the Income-tax Act, 1961, due to the Assessing Officer's failure to clearly specify the grounds for the penalty in the notice issued, which indicated both concealment and furnishing of inaccurate particulars of income without clarity on the specific ground. The Tribunal emphasized the importance of a clear understanding of the alleged offense in penalty proceedings and ruled in favor of the assessee based on the lack of clarity in the penalty notice and the absence of proper application of mind by the Assessing Officer. Case-Laws Income Tax Tue, 30 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379455