https://www.taxtmi.com/caselaws?id=407179 The Tribunal found the penalty proceedings invalid due to ambiguity in the penalty notice and the absence of conscious concealment of income by the assessee. The penalty under section 271(1)(c) for Long Term Capital Gain was deleted, and the appeal by the assessee was allowed. en-us Thu, 04 Feb 2021 00:00:00 +0530 Mon, 03 May 2021 08:16:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407179 The Tribunal found the penalty proceedings invalid due to ambiguity in the penalty notice and the absence of conscious concealment of income by the assessee. The penalty under section 271(1)(c) for Long Term Capital Gain was deleted, and the appeal by the assessee was allowed. Case-Laws Income Tax Thu, 04 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407179