Appeal filed by revenue against common order of the Hon’ble Tribunal deleting penalty as it was unclear that a penalty on the respondent/assessee is levied for concealment of particulars of his income or furnishing inaccurate particulars. The Hon’ble held that this issue is covered in a catena of judgments, therefore, the Tribunal was justified in quashing the penalty proceedings. (AY. 2008-09, 2009-10, 2010-11, 2011-12)
PCIT (Central-3) v. Shyam Sunder Jindal [2023] 156 taxmann.com 625/(2024) 296 Taxman 115 (Delhi)(HC)
S. 271(1)(c): Penalty-Concealment-Not specifying the specific charge-Reason for levying penalty unclear-Order of Tribunal deleting the penalty is affirmed. [S. 260A, 274]