https://www.taxtmi.com/caselaws?id=416766 The Tribunal allowed the appeal, directing the deletion of the penalty imposed under section 271(1)(c) of the Income Tax Act for the Assessment Year 2014-15. The Tribunal found that the penalty proceedings were invalid due to vague notices and lack of specific charges against the assessee for concealment or furnishing inaccurate particulars. Consequently, the penalty levied by the AO and confirmed by the CIT(A) was deleted in favor of the assessee. en-us Thu, 23 Dec 2021 00:00:00 +0530 Fri, 07 Jan 2022 08:52:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416766 The Tribunal allowed the appeal, directing the deletion of the penalty imposed under section 271(1)(c) of the Income Tax Act for the Assessment Year 2014-15. The Tribunal found that the penalty proceedings were invalid due to vague notices and lack of specific charges against the assessee for concealment or furnishing inaccurate particulars. Consequently, the penalty levied by the AO and confirmed by the CIT(A) was deleted in favor of the assessee. Case-Laws Income Tax Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416766