https://www.taxtmi.com/caselaws?id=280914 The Appellate Tribunal ruled in favor of the assessee in an appeal against a penalty imposed under section 271(1)(c) of the Income-tax Act for concealment of income and inaccurate particulars. The Tribunal found that the lack of specificity in the penalty notice deprived the appellant of defending against the charge and that, despite inaccuracies in the return, full disclosure precluded penalty imposition. Consequently, the Tribunal set aside the penalty, directing its deletion by the Assessing Officer. en-us Tue, 15 Jan 2019 00:00:00 +0530 Sat, 25 May 2019 09:52:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280914 The Appellate Tribunal ruled in favor of the assessee in an appeal against a penalty imposed under section 271(1)(c) of the Income-tax Act for concealment of income and inaccurate particulars. The Tribunal found that the lack of specificity in the penalty notice deprived the appellant of defending against the charge and that, despite inaccuracies in the return, full disclosure precluded penalty imposition. Consequently, the Tribunal set aside the penalty, directing its deletion by the Assessing Officer. Case-Laws Income Tax Tue, 15 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280914