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2018 (5) TMI 1605 - ITAT KOLKATA
Imposition of penalty u/s 271(1)(c) - Held that:- the show cause notice u/s 274 does not specify the charge against the assessee as to whether it is for concealing particulars of income or furnishing inaccurate particulars of income - show cause notice u/s 274 does not strike out the inappropriate words - thus imposition of penalty cannot be sustained - appeal of revenue is dismissed - Decided in favor of assessee