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2017 (4) TMI 407 - AT - Income TaxPenalty u/s 271(1)(c) - defective SCN - Held that:- The penalty has been initiated on one limb but finally imposed for another limb. Further, the show-cause notice u/s 274 read with section 271 issued to the assessee did not specify the limb for which the penalty proceedings were being initiated against the assessee which took away a valuable right of the assessee and therefore, vitiates the penalty proceedings. Thus we hold the penalty proceedings to be bad in law and therefore, quash the same. See CIT Vs SSA’s Emerald Meadows [2016 (8) TMI 1145 - SUPREME COURT]. - Decided in favour of assessee
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