https://www.taxtmi.com/caselaws?id=394377 The Tribunal allowed the appeal of the assessee, canceling the penalty imposed under Section 271(1)(c) due to the defective penalty notice under Section 274. The notice failed to specify whether the penalty was for "furnishing inaccurate particulars of income" or "concealing particulars of such income," rendering the penalty order invalid. The decision was supported by judicial precedents emphasizing the necessity of clear and specific penalty notices to adhere to principles of natural justice. en-us Fri, 10 Jan 2020 00:00:00 +0530 Fri, 10 Apr 2020 12:49:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394377 The Tribunal allowed the appeal of the assessee, canceling the penalty imposed under Section 271(1)(c) due to the defective penalty notice under Section 274. The notice failed to specify whether the penalty was for "furnishing inaccurate particulars of income" or "concealing particulars of such income," rendering the penalty order invalid. The decision was supported by judicial precedents emphasizing the necessity of clear and specific penalty notices to adhere to principles of natural justice. Case-Laws Income Tax Fri, 10 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394377