https://www.taxtmi.com/caselaws?id=381218 The Appellate Tribunal set aside the penalty imposed under section 271(1)(c) of the I.T. Act, 1961 for the A.Y. 2013-2014, due to the show cause notice's failure to specify the charge of concealment or furnishing inaccurate particulars of income. The Tribunal deemed the notice invalid, following precedents from the Hon'ble Karnataka High Court, Hon'ble Supreme Court, and consistent views of ITAT, Delhi Benches. Consequently, the penalty was canceled, and the appeal of the assessee was allowed. en-us Mon, 03 Jun 2019 00:00:00 +0530 Thu, 06 Jun 2019 10:08:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381218 The Appellate Tribunal set aside the penalty imposed under section 271(1)(c) of the I.T. Act, 1961 for the A.Y. 2013-2014, due to the show cause notice's failure to specify the charge of concealment or furnishing inaccurate particulars of income. The Tribunal deemed the notice invalid, following precedents from the Hon'ble Karnataka High Court, Hon'ble Supreme Court, and consistent views of ITAT, Delhi Benches. Consequently, the penalty was canceled, and the appeal of the assessee was allowed. Case-Laws Income Tax Mon, 03 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381218