https://www.taxtmi.com/caselaws?id=290379 The Tribunal held that the penalty orders under Section 271(1)(c) of the Income Tax Act were unsustainable due to vague show-cause notices and lack of conclusive proof of intentional concealment by the Assessing Officer. The penalties for the assessment years 2005-06 to 2009-10 were directed to be deleted. The Tribunal emphasized the necessity of clear and specific charges in penalty notices to uphold principles of natural justice. The appeals of the assessee were allowed. en-us Mon, 15 Jul 2019 00:00:00 +0530 Wed, 23 Sep 2020 08:04:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290379 The Tribunal held that the penalty orders under Section 271(1)(c) of the Income Tax Act were unsustainable due to vague show-cause notices and lack of conclusive proof of intentional concealment by the Assessing Officer. The penalties for the assessment years 2005-06 to 2009-10 were directed to be deleted. The Tribunal emphasized the necessity of clear and specific charges in penalty notices to uphold principles of natural justice. The appeals of the assessee were allowed. Case-Laws Income Tax Mon, 15 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290379