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2017 (6) TMI 1251 - AT - Income TaxLevy of penalty u/s 271(1)(c) - defective notice - Held that:- it is clear that the AO in the assessment order as well as in the penalty notice did not specify for which limb of section 271(1)(c) of the Act, the penalty had been initiated i.e., whether for concealment of particulars of income or furnishing of inaccurate particulars of income. The penalty is not leviable in the matter. - No penalty - Decided in favor of assessee.
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