https://www.taxtmi.com/caselaws?id=294550 The Tribunal upheld the deletion of the penalty under section 271(1)(c) by the ld CIT(A) in the appeal filed by the Revenue. The Tribunal agreed with the argument that the penalty imposition lacked specificity as the AO did not specify the charges for concealment and furnishing inaccurate particulars of income. Relying on legal precedents, the Tribunal found no error in the ld CIT(A)'s decision, emphasizing the necessity of specific charges for penalty imposition under the Income Tax Act, 1961. en-us Mon, 04 Sep 2017 00:00:00 +0530 Wed, 21 Apr 2021 08:15:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294550 The Tribunal upheld the deletion of the penalty under section 271(1)(c) by the ld CIT(A) in the appeal filed by the Revenue. The Tribunal agreed with the argument that the penalty imposition lacked specificity as the AO did not specify the charges for concealment and furnishing inaccurate particulars of income. Relying on legal precedents, the Tribunal found no error in the ld CIT(A)'s decision, emphasizing the necessity of specific charges for penalty imposition under the Income Tax Act, 1961. Case-Laws Income Tax Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294550