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2017 (12) TMI 745 - AT - Income TaxPenalty u/s.271(1)(c) - Concealment of income - defective notice - Held that:- As relying on case of M/s. SSA's Emerald Meadows [ 2016 (8) TMI 1145 - SUPREME COURT ] Notice issued by AO under Section 274 read with Section 271(1)( c) to be bad in law as it did not specify which limb of Section 271(1)(c) of the Act, the penalty proceedings had been initiated i.e., whether for concealment of particulars of income or furnishing of inaccurate particulars of income. - Decided in favour of assessee.
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