https://www.taxtmi.com/caselaws?id=414850 The Tribunal allowed the appeal, holding that the penalty under Section 271(1)(c) was not sustainable due to the lack of concealment or furnishing inaccurate particulars. Additionally, the defective penalty notice under Section 274 invalidated the AO's jurisdiction to levy the penalty. The AO was directed to delete the penalty. en-us Wed, 03 Nov 2021 00:00:00 +0530 Thu, 18 Nov 2021 07:45:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414850 The Tribunal allowed the appeal, holding that the penalty under Section 271(1)(c) was not sustainable due to the lack of concealment or furnishing inaccurate particulars. Additionally, the defective penalty notice under Section 274 invalidated the AO's jurisdiction to levy the penalty. The AO was directed to delete the penalty. Case-Laws Income Tax Wed, 03 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414850