https://www.taxtmi.com/caselaws?id=447349 The SC/Tribunal examined a tax penalty case under section 271(1)(c). After analyzing technical defects in the penalty notice and the nature of the expenditure, the tribunal found insufficient grounds for penalty. The appeal was allowed, setting aside the penalty imposed by the Assessing Officer for alleged income concealment, emphasizing procedural and substantive legal requirements. en-us Wed, 20 Dec 2023 00:00:00 +0530 Sat, 10 May 2025 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447349 The SC/Tribunal examined a tax penalty case under section 271(1)(c). After analyzing technical defects in the penalty notice and the nature of the expenditure, the tribunal found insufficient grounds for penalty. The appeal was allowed, setting aside the penalty imposed by the Assessing Officer for alleged income concealment, emphasizing procedural and substantive legal requirements. Case-Laws Income Tax Wed, 20 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447349