https://www.taxtmi.com/caselaws?id=381320 The Tribunal found the show cause notice for penalty under section 271(1)(c) of the I.T. Act, 1961 to be invalid as it did not specify the limb of penalty proceedings. Consequently, the penalty imposed on the assessee for furnishing inaccurate particulars and concealment of income was canceled, allowing the appeal of the assessee. en-us Thu, 06 Jun 2019 00:00:00 +0530 Fri, 07 Jun 2019 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381320 The Tribunal found the show cause notice for penalty under section 271(1)(c) of the I.T. Act, 1961 to be invalid as it did not specify the limb of penalty proceedings. Consequently, the penalty imposed on the assessee for furnishing inaccurate particulars and concealment of income was canceled, allowing the appeal of the assessee. Case-Laws Income Tax Thu, 06 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381320