https://www.taxtmi.com/caselaws?id=391207 The Tribunal held that the penalty under section 271(1)(c) of the Income Tax Act could not be sustained due to the lack of clear evidence of concealment or furnishing inaccurate particulars and the failure to specify the grounds for penalty in the notice. Consequently, the Tribunal directed the deletion of the penalty and allowed the appeal of the assessee. en-us Mon, 20 Jan 2020 00:00:00 +0530 Wed, 22 Jan 2020 09:57:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391207 The Tribunal held that the penalty under section 271(1)(c) of the Income Tax Act could not be sustained due to the lack of clear evidence of concealment or furnishing inaccurate particulars and the failure to specify the grounds for penalty in the notice. Consequently, the Tribunal directed the deletion of the penalty and allowed the appeal of the assessee. Case-Laws Income Tax Mon, 20 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391207