https://www.taxtmi.com/caselaws?id=397939 The Tribunal dismissed the assessee's appeal against the penalty for concealing income particulars for A.Y 2012-13. Despite the lack of specificity in the show cause notice, the Tribunal found that the Assessing Officer clearly specified the charge during the penalty levy. The Tribunal emphasized that the assessee was aware of the charges from the start of the penalty proceedings and upheld the penalty based on specific findings by the lower authorities. The Tribunal differentiated this case from precedents where penalties were invalidated due to lack of specific findings, ultimately confirming the penalty. en-us Mon, 27 Jul 2020 00:00:00 +0530 Wed, 02 Sep 2020 12:14:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397939 The Tribunal dismissed the assessee's appeal against the penalty for concealing income particulars for A.Y 2012-13. Despite the lack of specificity in the show cause notice, the Tribunal found that the Assessing Officer clearly specified the charge during the penalty levy. The Tribunal emphasized that the assessee was aware of the charges from the start of the penalty proceedings and upheld the penalty based on specific findings by the lower authorities. The Tribunal differentiated this case from precedents where penalties were invalidated due to lack of specific findings, ultimately confirming the penalty. Case-Laws Income Tax Mon, 27 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397939