https://www.taxtmi.com/caselaws?id=281145 The ITAT Delhi ruled in favor of the assessee in a challenge against the penalty under section 271(1)(c) of the Income Tax Act, 1961 for concealing income particulars. The notice issued before the penalty levy did not specify the limb of Section 271(1)(c), rendering the penalty proceedings invalid. Consequently, the penalty was canceled, and the assessee's appeal was allowed. en-us Tue, 05 Mar 2019 00:00:00 +0530 Wed, 05 Jun 2019 06:22:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281145 The ITAT Delhi ruled in favor of the assessee in a challenge against the penalty under section 271(1)(c) of the Income Tax Act, 1961 for concealing income particulars. The notice issued before the penalty levy did not specify the limb of Section 271(1)(c), rendering the penalty proceedings invalid. Consequently, the penalty was canceled, and the assessee's appeal was allowed. Case-Laws Income Tax Tue, 05 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281145