https://www.taxtmi.com/caselaws?id=422743 The Tribunal allowed the appeals, deleting the penalties for all the assessment years involved. The penalty notices and orders were found to be defective due to the lack of specific charges, and the penalty proceedings were deemed invalid. The Tribunal emphasized the need for specific findings of concealment or inaccurate particulars and the judicial exercise of discretion in imposing penalties. en-us Fri, 13 May 2022 00:00:00 +0530 Sat, 21 May 2022 09:40:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422743 The Tribunal allowed the appeals, deleting the penalties for all the assessment years involved. The penalty notices and orders were found to be defective due to the lack of specific charges, and the penalty proceedings were deemed invalid. The Tribunal emphasized the need for specific findings of concealment or inaccurate particulars and the judicial exercise of discretion in imposing penalties. Case-Laws Income Tax Fri, 13 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422743