https://www.taxtmi.com/caselaws?id=286726 The Tribunal allowed the appeal for Assessment Year 2004-05, holding the penalty notice under section 271(1)(c) invalid for lack of specificity on the nature of the penalty. As the notice did not clarify if the penalty was for concealment of income or furnishing inaccurate particulars, the penalty proceedings were deemed invalid. Other issues raised by the assessee were not addressed further. The decision was made on 10th August 2016. en-us Wed, 10 Aug 2016 00:00:00 +0530 Fri, 13 Mar 2020 10:14:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286726 The Tribunal allowed the appeal for Assessment Year 2004-05, holding the penalty notice under section 271(1)(c) invalid for lack of specificity on the nature of the penalty. As the notice did not clarify if the penalty was for concealment of income or furnishing inaccurate particulars, the penalty proceedings were deemed invalid. Other issues raised by the assessee were not addressed further. The decision was made on 10th August 2016. Case-Laws Income Tax Wed, 10 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286726