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2019 (10) TMI 76 - ITAT VISAKHAPATNAMPenalty u/sec. 271(1)(c) - defective notice - non-striking of the irrelevant portion of the notice issued - whether notice issued under section 271(1)(c) is for concealment of income or furnished inaccurate particulars? - HELD THAT:- We find that the Hon'ble High Court of Telangana & A.P. in the case of Smt. Baisetty Revathi [2017 (7) TMI 776 - ANDHRA PRADESH HIGH COURT] has considered the very same issue and held that non-striking of the irrelevant portion of the notice issued u/sec. 274 is invalid. The very same judgment has been followed by the coordinate bench of this tribunal in the case of Konchada Sreeram [2017 (11) TMI 1164 - ITAT VISAKHAPATNAM] Therefore, respectfully following above referred to judicial precedents, we hold that the notice issued under section 271(1)(c) r.w.s. 274, dated 04/03/2014 is invalid - Decided in favour of assessee.
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