https://www.taxtmi.com/caselaws?id=382019 The Tribunal held that the penalty notice issued under section 271(1)(c) was invalid as it did not clearly specify whether the penalty proceedings were for concealment of income or furnishing inaccurate particulars. Relying on legal precedents, the Tribunal canceled the penalty imposed by the Assessing Officer, allowing the appeal filed by the assessee. The decision emphasized the importance of clear and specific notices in penalty proceedings to uphold tax laws and principles of natural justice. en-us Fri, 21 Jun 2019 00:00:00 +0530 Mon, 24 Jun 2019 07:35:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382019 The Tribunal held that the penalty notice issued under section 271(1)(c) was invalid as it did not clearly specify whether the penalty proceedings were for concealment of income or furnishing inaccurate particulars. Relying on legal precedents, the Tribunal canceled the penalty imposed by the Assessing Officer, allowing the appeal filed by the assessee. The decision emphasized the importance of clear and specific notices in penalty proceedings to uphold tax laws and principles of natural justice. Case-Laws Income Tax Fri, 21 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382019