https://www.taxtmi.com/caselaws?id=409036 The Tribunal set aside the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, in a case where the notice for penalty proceedings did not specify the charges against the assessee, failing to meet legal requirements. The Tribunal emphasized the necessity of proving concealment of income or furnishing inaccurate particulars for penalty imposition and ruled in favor of the assessee, directing the deletion of the penalty based on the inadequacy of the notice. en-us Mon, 31 May 2021 00:00:00 +0530 Mon, 28 Jun 2021 10:03:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409036 The Tribunal set aside the penalty imposed under section 271(1)(c) of the Income Tax Act, 1961, in a case where the notice for penalty proceedings did not specify the charges against the assessee, failing to meet legal requirements. The Tribunal emphasized the necessity of proving concealment of income or furnishing inaccurate particulars for penalty imposition and ruled in favor of the assessee, directing the deletion of the penalty based on the inadequacy of the notice. Case-Laws Income Tax Mon, 31 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409036