https://www.taxtmi.com/caselaws?id=410384 The Tribunal deleted the penalty imposed under section 271(1)(c) for concealment of income for all the assessment years under appeal. This decision was based on the lack of specificity in the penalty notices issued by the Assessing Officer, following the precedent set by the Hon'ble Bombay High Court emphasizing the importance of clear communication in penalty proceedings. The Tribunal highlighted that ambiguity and vagueness in the notices invalidated the penalty proceedings, leading to the deletion of penalties for all relevant assessment years. en-us Tue, 20 Jul 2021 00:00:00 +0530 Fri, 30 Jul 2021 21:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410384 The Tribunal deleted the penalty imposed under section 271(1)(c) for concealment of income for all the assessment years under appeal. This decision was based on the lack of specificity in the penalty notices issued by the Assessing Officer, following the precedent set by the Hon'ble Bombay High Court emphasizing the importance of clear communication in penalty proceedings. The Tribunal highlighted that ambiguity and vagueness in the notices invalidated the penalty proceedings, leading to the deletion of penalties for all relevant assessment years. Case-Laws Income Tax Tue, 20 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410384