https://www.taxtmi.com/caselaws?id=296575 The High Court set aside the Tribunal's judgment imposing a penalty under Section 271(1)(c) of the Income Tax Act, 1961. The Court found that the notice issued lacked specificity on whether it related to concealment of income or inaccurate particulars. After considering arguments from both parties and relevant legal precedents, the Court ruled in favor of the appellant, emphasizing the importance of clear orders and legal precision in such cases. en-us Wed, 10 Apr 2019 00:00:00 +0530 Thu, 29 Jul 2021 10:49:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296575 The High Court set aside the Tribunal's judgment imposing a penalty under Section 271(1)(c) of the Income Tax Act, 1961. The Court found that the notice issued lacked specificity on whether it related to concealment of income or inaccurate particulars. After considering arguments from both parties and relevant legal precedents, the Court ruled in favor of the appellant, emphasizing the importance of clear orders and legal precision in such cases. Case-Laws Income Tax Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296575