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2023 (8) TMI 1373 - HC - Income TaxPenalty u/s 271(1)(c) - defective notice u/s 274 - non specification of clear charge/Default - HELD THAT:- Revenue does not dispute that none of the penalty notices issued to the respondent/assessee for the aforementioned AYs advert to the specific limb of Section 271(1)(c) which is triggered against him. It is not clear whether the AO intended to levy a penalty on the respondent/assessee for concealment of particulars of his income, or furnishing inaccurate particulars. This issue is covered against the appellant/revenue in a catena of judgments, including the judgment rendered by the coordinate bench in the matter of Pr. Commissioner of Income Tax-3 v. Ms Minu Bakshi [2022 (7) TMI 1307 - DELHI HIGH COURT] - Decided in favour of assessee.
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