https://www.taxtmi.com/caselaws?id=775935 The ITAT Rajkot held that the penalty imposed under section 271(1)(c) was invalid due to a defective penalty notice. The notice specified penalty proceedings for furnishing inaccurate particulars of income, but the penalty order imposed penalty for both furnishing inaccurate particulars and concealing particulars of income, which was not properly communicated. This inconsistency rendered the penalty notice legally flawed. Following precedent, the tribunal allowed the assessee's appeal and set aside the penalty, emphasizing that a penalty order must align with the grounds specified in the penalty notice. en-us Wed, 04 Jun 2025 00:00:00 +0530 Thu, 31 Jul 2025 16:15:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775935 The ITAT Rajkot held that the penalty imposed under section 271(1)(c) was invalid due to a defective penalty notice. The notice specified penalty proceedings for furnishing inaccurate particulars of income, but the penalty order imposed penalty for both furnishing inaccurate particulars and concealing particulars of income, which was not properly communicated. This inconsistency rendered the penalty notice legally flawed. Following precedent, the tribunal allowed the assessee's appeal and set aside the penalty, emphasizing that a penalty order must align with the grounds specified in the penalty notice. Case-Laws Income Tax Wed, 04 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775935