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2016 (5) TMI 1023 - ITAT BANGALOREPenalty u/s 271(1)(c) - Held that:- It is imperative for the AO to show in the notice the default of assessee. Mere mentioning of the default in the assessment order may not be sufficient. Notice issued to the assessee does not specify the default of the assessee. In our opinion, notice u/s.274 r.w.s.271 of the Act, issued for the impugned assessment year was invalid. Exconsequenti the penalty order is set aside. - Decided in favour of assessee.
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