https://www.taxtmi.com/caselaws?id=389562 The Tribunal found the penalty notice issued to the assessee invalid due to lack of specificity regarding the charge under Section 271(1)(c) of the Income Tax Act. As the notice did not clearly indicate whether the penalty was for concealment of income or furnishing inaccurate particulars, it was deemed defective. Consequently, the Tribunal set aside the penalty imposed by the Assessing Officer, ruling in favor of the assessee and deleting the penalties for all appeals filed. en-us Wed, 27 Nov 2019 00:00:00 +0530 Wed, 11 Dec 2019 14:08:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389562 The Tribunal found the penalty notice issued to the assessee invalid due to lack of specificity regarding the charge under Section 271(1)(c) of the Income Tax Act. As the notice did not clearly indicate whether the penalty was for concealment of income or furnishing inaccurate particulars, it was deemed defective. Consequently, the Tribunal set aside the penalty imposed by the Assessing Officer, ruling in favor of the assessee and deleting the penalties for all appeals filed. Case-Laws Income Tax Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389562