https://www.taxtmi.com/caselaws?id=779766 ITAT CHANDIGARH held that the penalty order imposing liability under section 271AAB was invalid because the show-cause notice invoked section 274 read with section 271 and alleged concealment/inaccurate particulars, without specifying undisclosed income within the meaning of section 271AAB. The Tribunal upheld the CIT(A)'s order setting aside the penalty and found no justification for revisiting that order under section 154 merely because of an HC decision; it deprecated using section 154 to overturn a valid appellate order on such grounds and confirmed the penalty's cancellation. en-us Thu, 23 Jan 2025 00:00:00 +0530 Mon, 13 Oct 2025 08:53:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779766 ITAT CHANDIGARH held that the penalty order imposing liability under section 271AAB was invalid because the show-cause notice invoked section 274 read with section 271 and alleged concealment/inaccurate particulars, without specifying undisclosed income within the meaning of section 271AAB. The Tribunal upheld the CIT(A)'s order setting aside the penalty and found no justification for revisiting that order under section 154 merely because of an HC decision; it deprecated using section 154 to overturn a valid appellate order on such grounds and confirmed the penalty's cancellation. Case-Laws Income Tax Thu, 23 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779766