https://www.taxtmi.com/caselaws?id=389564 The Tribunal quashed the penalty orders under Section 271(1)(c) for the assessment years 2008-09, 2009-10, and 2010-11 due to invalid notices issued by the Assessing Officer. The notices did not specify whether the penalty was for "concealment of particulars of income" or "furnishing inaccurate particulars of income." Citing precedents, the Tribunal found the penalty proceedings unsustainable and deleted the penalties. All appeals by the assessee were allowed. en-us Fri, 29 Nov 2019 00:00:00 +0530 Wed, 11 Dec 2019 14:08:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389564 The Tribunal quashed the penalty orders under Section 271(1)(c) for the assessment years 2008-09, 2009-10, and 2010-11 due to invalid notices issued by the Assessing Officer. The notices did not specify whether the penalty was for "concealment of particulars of income" or "furnishing inaccurate particulars of income." Citing precedents, the Tribunal found the penalty proceedings unsustainable and deleted the penalties. All appeals by the assessee were allowed. Case-Laws Income Tax Fri, 29 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389564