https://www.taxtmi.com/caselaws?id=283684 The Tribunal allowed the assessee's appeal, directing the Assessing Officer to delete the penalty imposed under section 271(1)(c) of the Act. The penalty was invalidated due to the AO's failure to specify whether it was for concealment of income or furnishing inaccurate particulars of income in the notice and order, violating principles of natural justice. The Tribunal held that the lack of specificity rendered the penalty order invalid, leading to its deletion in favor of the assessee. en-us Thu, 14 Mar 2019 00:00:00 +0530 Sun, 06 Oct 2019 11:16:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283684 The Tribunal allowed the assessee's appeal, directing the Assessing Officer to delete the penalty imposed under section 271(1)(c) of the Act. The penalty was invalidated due to the AO's failure to specify whether it was for concealment of income or furnishing inaccurate particulars of income in the notice and order, violating principles of natural justice. The Tribunal held that the lack of specificity rendered the penalty order invalid, leading to its deletion in favor of the assessee. Case-Laws Income Tax Thu, 14 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283684