https://www.taxtmi.com/caselaws?id=282270 The Tribunal held that the imposition of penalty under Section 271(1)(c) was not sustainable due to the lack of incriminating material, the acceptance of income declared under Section 153A without modifications, the absence of inaccurate particulars of income, and the vague nature of the AO's notice. The Tribunal directed the AO to delete the penalty imposed and allowed similar appeals involving identical issues, directing the deletion of respective penalties. en-us Fri, 15 Feb 2019 00:00:00 +0530 Wed, 31 Jul 2019 04:31:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282270 The Tribunal held that the imposition of penalty under Section 271(1)(c) was not sustainable due to the lack of incriminating material, the acceptance of income declared under Section 153A without modifications, the absence of inaccurate particulars of income, and the vague nature of the AO's notice. The Tribunal directed the AO to delete the penalty imposed and allowed similar appeals involving identical issues, directing the deletion of respective penalties. Case-Laws Income Tax Fri, 15 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282270