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2018 (6) TMI 1749 - ITAT BANGALOREPenalty u/s 271(1)(c) - Defective notice u/s 274 - non specification of charge - HELD THAT:- In the present case, the AO has not made it clear in the notice issued by him u/s. 274 r.w.s. 271 of IT Act that whether the assessee is guilty of concealment of income or of furnishing inaccurate particulars of income, the Tribunal order cited by ld. AR of assessee rendered in the case of CIT Vs. Manjunatha Cotton and Ginning factory [2013 (7) TMI 620 - KARNATAKA HIGH COURT] is squarely applicable and respectfully following it we hold that in the present case also, the penalty order passed by AO is invalid and as a consequence, the penalty imposed by AO stands deleted. Appeal filed by the assessee is allowed.
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