https://www.taxtmi.com/caselaws?id=289906 The HC disposed of the appeal in favor of the assessee, setting aside the penalties imposed by the Assessing Officer for various assessment years. The court emphasized the necessity for a valid notice under Section 274 read with Section 271(1)(c) of the IT Act, requiring specific mention of grounds related to concealment or inaccurate particulars of income. The decision underscored the importance of adherence to procedural requirements in penalty proceedings, aligning with the precedent set in a prior judgment. en-us Tue, 20 Nov 2018 00:00:00 +0530 Thu, 14 Nov 2024 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289906 The HC disposed of the appeal in favor of the assessee, setting aside the penalties imposed by the Assessing Officer for various assessment years. The court emphasized the necessity for a valid notice under Section 274 read with Section 271(1)(c) of the IT Act, requiring specific mention of grounds related to concealment or inaccurate particulars of income. The decision underscored the importance of adherence to procedural requirements in penalty proceedings, aligning with the precedent set in a prior judgment. Case-Laws Income Tax Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289906