https://www.taxtmi.com/caselaws?id=389638 The Tribunal allowed the appellant's appeal in a case concerning the imposition of a penalty under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal held that the penalty order was invalid as it did not specify the particular charge of concealment of income or furnishing inaccurate particulars in the notice, following legal precedents requiring clear charges for valid penalties. The decision emphasized the necessity of specificity in penalty notices for a lawful penalty imposition, ultimately directing the cancellation of the penalty levied under section 271(1)(c). en-us Wed, 11 Dec 2019 00:00:00 +0530 Thu, 12 Dec 2019 20:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389638 The Tribunal allowed the appellant's appeal in a case concerning the imposition of a penalty under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal held that the penalty order was invalid as it did not specify the particular charge of concealment of income or furnishing inaccurate particulars in the notice, following legal precedents requiring clear charges for valid penalties. The decision emphasized the necessity of specificity in penalty notices for a lawful penalty imposition, ultimately directing the cancellation of the penalty levied under section 271(1)(c). Case-Laws Income Tax Wed, 11 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389638