https://www.taxtmi.com/caselaws?id=414366 The Tribunal allowed the appeal and set aside the penalty imposed under Section 271(1)(c) for furnishing inaccurate particulars of income. The decision was based on the lack of specificity in the penalty notice and assessment order, emphasizing the importance of a specific charge in penalty proceedings. The Tribunal referred to legal precedents and highlighted the deficiency in the notice, ultimately leading to the cancellation of the penalty. en-us Mon, 01 Nov 2021 00:00:00 +0530 Wed, 03 Nov 2021 09:32:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414366 The Tribunal allowed the appeal and set aside the penalty imposed under Section 271(1)(c) for furnishing inaccurate particulars of income. The decision was based on the lack of specificity in the penalty notice and assessment order, emphasizing the importance of a specific charge in penalty proceedings. The Tribunal referred to legal precedents and highlighted the deficiency in the notice, ultimately leading to the cancellation of the penalty. Case-Laws Income Tax Mon, 01 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414366