https://www.taxtmi.com/caselaws?id=289997 The HC ruled in favor of the assessee, setting aside the penalty imposed due to a defective notice issued under Section 153A. The notice failed to specify whether the penalty was for income concealment or furnishing inaccurate particulars. This defect violated natural justice principles, rendering the penalty proceedings invalid and without jurisdiction. The Tribunal's reasoning was deemed contradictory to established legal principles, resulting in the invalidation of the entire proceedings. The appeals were allowed, and the impugned order was set aside, permitting the assessee to challenge the order on other grounds if appealed and overturned by a higher court. en-us Mon, 17 Nov 2014 00:00:00 +0530 Thu, 14 Nov 2024 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289997 The HC ruled in favor of the assessee, setting aside the penalty imposed due to a defective notice issued under Section 153A. The notice failed to specify whether the penalty was for income concealment or furnishing inaccurate particulars. This defect violated natural justice principles, rendering the penalty proceedings invalid and without jurisdiction. The Tribunal's reasoning was deemed contradictory to established legal principles, resulting in the invalidation of the entire proceedings. The appeals were allowed, and the impugned order was set aside, permitting the assessee to challenge the order on other grounds if appealed and overturned by a higher court. Case-Laws Income Tax Mon, 17 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289997