https://www.taxtmi.com/caselaws?id=380881 The Tribunal annulled the penalty imposed on the appellant, a government doctor, under section 271(1)(c) of the Income Tax Act for alleged income concealment. The Commissioner of Income Tax (Appeals) upheld the penalty, but the appellant argued that the penalty notice lacked specified grounds, violating natural justice. Relying on legal precedents, the Tribunal emphasized the necessity of proper satisfaction recording by the Assessing Officer and clear grounds in penalty notices. Due to the defect in the notice and lack of proper satisfaction, the Tribunal quashed the penalty proceedings, highlighting the importance of procedural fairness and adherence to legal requirements. en-us Thu, 04 Apr 2019 00:00:00 +0530 Thu, 30 May 2019 23:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380881 The Tribunal annulled the penalty imposed on the appellant, a government doctor, under section 271(1)(c) of the Income Tax Act for alleged income concealment. The Commissioner of Income Tax (Appeals) upheld the penalty, but the appellant argued that the penalty notice lacked specified grounds, violating natural justice. Relying on legal precedents, the Tribunal emphasized the necessity of proper satisfaction recording by the Assessing Officer and clear grounds in penalty notices. Due to the defect in the notice and lack of proper satisfaction, the Tribunal quashed the penalty proceedings, highlighting the importance of procedural fairness and adherence to legal requirements. Case-Laws Income Tax Thu, 04 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380881