https://www.taxtmi.com/caselaws?id=430946 The Tribunal ruled in favor of the appellant, finding the penalty imposed by the assessing officer under section 271(1)(c) of the Income Tax Act invalid due to a deficient notice that did not specify the nature of the alleged offense of concealment or inaccurate particulars of income. Citing judicial precedents, the Tribunal concluded that the penalty was unsustainable on legal grounds and deleted it. en-us Thu, 07 Jul 2022 00:00:00 +0530 Fri, 02 Dec 2022 13:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430946 The Tribunal ruled in favor of the appellant, finding the penalty imposed by the assessing officer under section 271(1)(c) of the Income Tax Act invalid due to a deficient notice that did not specify the nature of the alleged offense of concealment or inaccurate particulars of income. Citing judicial precedents, the Tribunal concluded that the penalty was unsustainable on legal grounds and deleted it. Case-Laws Income Tax Thu, 07 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430946