https://www.taxtmi.com/caselaws?id=380646 The Tribunal allowed the appeal of the assessee in a case concerning a penalty under section 271(1)(c) of the Act for the assessment year 2003-04. The penalty was imposed for concealment of income without specifying the particular limb for the penalty in the notice, leading to a violation of principles of natural justice. The Tribunal found the penalty order legally unsustainable based on established legal precedents and directed the AO to delete the penalty. The order was pronounced in favor of the assessee on 16.05.2019. en-us Thu, 16 May 2019 00:00:00 +0530 Sat, 25 May 2019 09:55:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380646 The Tribunal allowed the appeal of the assessee in a case concerning a penalty under section 271(1)(c) of the Act for the assessment year 2003-04. The penalty was imposed for concealment of income without specifying the particular limb for the penalty in the notice, leading to a violation of principles of natural justice. The Tribunal found the penalty order legally unsustainable based on established legal precedents and directed the AO to delete the penalty. The order was pronounced in favor of the assessee on 16.05.2019. Case-Laws Income Tax Thu, 16 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380646