https://www.taxtmi.com/caselaws?id=403292 The Tribunal ruled in favor of the appellant in the penalty proceedings under section 271(1)(c). The appellant successfully argued that the penalty imposition was unjust and lacked jurisdiction due to the assessing officer's failure to specify the violation in the notice. Additionally, the Tribunal agreed that there was no concealment of income and that the rental income should have been assessed under a different head. The penalty order was overturned, emphasizing the appellant's full disclosure of relevant facts and income particulars. en-us Thu, 21 Jan 2021 00:00:00 +0530 Sat, 23 Jan 2021 11:36:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403292 The Tribunal ruled in favor of the appellant in the penalty proceedings under section 271(1)(c). The appellant successfully argued that the penalty imposition was unjust and lacked jurisdiction due to the assessing officer's failure to specify the violation in the notice. Additionally, the Tribunal agreed that there was no concealment of income and that the rental income should have been assessed under a different head. The penalty order was overturned, emphasizing the appellant's full disclosure of relevant facts and income particulars. Case-Laws Income Tax Thu, 21 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403292