https://www.taxtmi.com/caselaws?id=436059 The Tribunal allowed the appeal filed by the Assessee, ruling that the penalty imposed for furnishing inaccurate particulars of income was not sustainable due to the invalid notice issued without specifying the relevant limb of penalty under section 271(1)(c) of the Income Tax Act. The Tribunal emphasized the importance of clearly communicating penalty proceedings to ensure fairness and adherence to legal requirements, ultimately leading to the deletion of the penalty imposed. en-us Thu, 23 Feb 2023 00:00:00 +0530 Wed, 10 May 2023 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436059 The Tribunal allowed the appeal filed by the Assessee, ruling that the penalty imposed for furnishing inaccurate particulars of income was not sustainable due to the invalid notice issued without specifying the relevant limb of penalty under section 271(1)(c) of the Income Tax Act. The Tribunal emphasized the importance of clearly communicating penalty proceedings to ensure fairness and adherence to legal requirements, ultimately leading to the deletion of the penalty imposed. Case-Laws Income Tax Thu, 23 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436059