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2017 (7) TMI 1139 - AT - Income TaxPenalty u/s 271AAA - specification of undisclosed income - Held that:- In the order levying penalty u/s. 271AAA, the AO levied penalty for concealment of income - there is no reference of 'undisclosed income' either in the assessment order or the order levying penalty - thus manner in which the entire penalty proceedings are conducted there was ambiguity and vagueness in the mind of AO with regard to the charge and the provisions under which penalty is to be levied - hence the notice levying penalty is also ambiguous and bad in law - we do not find any infirmity in the impugned order deleting penalty u/s. 271AAA - appeal of revenue is dismissed.
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