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2017 (12) TMI 258 - ITAT MUMBAIPenalty u/s 271(1)(c) - assessee awareness of the charge as framed by the AO in the assessment order dated 20-02-2014 framed u/s 143(3) - Held that:- Penalty must be initiated for specific charge has been confirmed. AO while initiating penalty proceedings during the course of assessment does not specify any particular ground for initiating penalty proceedings. Even while issuing notice also he did not specify for which charge the assessee is to be penalised as both the charges, concealment of particulars of income or furnishing of inaccurate particulars of income are different although the consequence of both the charges may be concealed income. - Decided in favour of assessee.
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