https://www.taxtmi.com/caselaws?id=437404 The Tribunal allowed the appeals for both assessment years, deleting penalties imposed under section 271(1)(c) as the Revenue failed to establish concealment of income or filing inaccurate particulars by the Assessee. The Tribunal stressed the need to specify the exact charge for penalty imposition and require evidence to support such charges. en-us Wed, 26 Apr 2023 00:00:00 +0530 Fri, 05 May 2023 08:51:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437404 The Tribunal allowed the appeals for both assessment years, deleting penalties imposed under section 271(1)(c) as the Revenue failed to establish concealment of income or filing inaccurate particulars by the Assessee. The Tribunal stressed the need to specify the exact charge for penalty imposition and require evidence to support such charges. Case-Laws Income Tax Wed, 26 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437404