https://www.taxtmi.com/caselaws?id=381356 The Tribunal partially allowed the appeal, deleting the penalty imposed on the assessee for furnishing inaccurate particulars of income. The Tribunal found that the penalty proceedings were invalid due to the lack of specific charges in the show-cause notice and the incorrect application of the penalty provision. The penalty was deleted on legal grounds, emphasizing the necessity of specifying the exact charge in penalty notices. The decision was pronounced on 06th June 2019. en-us Thu, 06 Jun 2019 00:00:00 +0530 Mon, 10 Jun 2019 06:12:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381356 The Tribunal partially allowed the appeal, deleting the penalty imposed on the assessee for furnishing inaccurate particulars of income. The Tribunal found that the penalty proceedings were invalid due to the lack of specific charges in the show-cause notice and the incorrect application of the penalty provision. The penalty was deleted on legal grounds, emphasizing the necessity of specifying the exact charge in penalty notices. The decision was pronounced on 06th June 2019. Case-Laws Income Tax Thu, 06 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381356