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2018 (1) TMI 397 - AT - Income TaxPenalty levied u/s. 271(1)(c) - Assessing Officer did not strike off and specify the charge/limb for which he is proposing to initiate penalty proceedings - Held that:- The notice issued by the Assessing Officer u/s. 274 r.w.s. 271(1)(c) of the Act is on account of non-application of mind and therefore on this account itself the penalty imposed u/s.271(1)(c) is liable to be deleted. Thus, we direct the Assessing Officer to delete the penalty levied u/s.271(1)(c) of the Act. See Orbit Enterprises v. Income Tax Officer [2017 (11) TMI 172 - ITAT MUMBAI] - Decided in favour of assessee.
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