https://www.taxtmi.com/caselaws?id=383331 The Tribunal dismissed the revenue's appeals and upheld the CIT(A)'s decision to cancel the penalty imposed under section 271(1)(c) of the Income Tax Act for the A.Ys. 2009-10, 2011-12 to 2013-14. The initiation of penalty without specifying the charge of concealment of income or furnishing inaccurate particulars was deemed invalid, following legal precedents. The appeals of the revenue and cross objections of the assessee were all dismissed, emphasizing the necessity of clear notice to avoid ambiguity in penalty proceedings. en-us Wed, 17 Jul 2019 00:00:00 +0530 Mon, 22 Jul 2019 08:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383331 The Tribunal dismissed the revenue's appeals and upheld the CIT(A)'s decision to cancel the penalty imposed under section 271(1)(c) of the Income Tax Act for the A.Ys. 2009-10, 2011-12 to 2013-14. The initiation of penalty without specifying the charge of concealment of income or furnishing inaccurate particulars was deemed invalid, following legal precedents. The appeals of the revenue and cross objections of the assessee were all dismissed, emphasizing the necessity of clear notice to avoid ambiguity in penalty proceedings. Case-Laws Income Tax Wed, 17 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383331