https://www.taxtmi.com/caselaws?id=404771 The Tribunal allowed the assessee's appeal, setting aside the penalty under section 271(1)(c) due to the penalty notice's failure to specify whether the penalty was for concealment of income or furnishing inaccurate particulars. The lack of specificity in the notice rendered the penalty unsustainable, aligning with precedents requiring clear grounds for penalties. en-us Thu, 19 Nov 2020 00:00:00 +0530 Tue, 29 Oct 2024 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404771 The Tribunal allowed the assessee's appeal, setting aside the penalty under section 271(1)(c) due to the penalty notice's failure to specify whether the penalty was for concealment of income or furnishing inaccurate particulars. The lack of specificity in the notice rendered the penalty unsustainable, aligning with precedents requiring clear grounds for penalties. Case-Laws Income Tax Thu, 19 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404771