https://www.taxtmi.com/caselaws?id=414966 The tribunal found that the penalty imposed under section 271(1)(c) of the Income Tax Act was invalid as the notice did not specify the charge related to concealment of income or furnishing inaccurate particulars. Citing the importance of specifying the limb of section 271(1)(c) in the penalty notice, the tribunal ordered the penalty to be deleted. The appeal was allowed, and the penalty under section 271(1)(c) was quashed. en-us Tue, 02 Nov 2021 00:00:00 +0530 Mon, 22 Nov 2021 06:09:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414966 The tribunal found that the penalty imposed under section 271(1)(c) of the Income Tax Act was invalid as the notice did not specify the charge related to concealment of income or furnishing inaccurate particulars. Citing the importance of specifying the limb of section 271(1)(c) in the penalty notice, the tribunal ordered the penalty to be deleted. The appeal was allowed, and the penalty under section 271(1)(c) was quashed. Case-Laws Income Tax Tue, 02 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414966