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2018 (1) TMI 672 - AT - Income TaxPenalty proceedings u/s.271(1)(c) - without striking off one of the limbs and without specifying the specific charge in the notice initiating penalty proceedings for inaccurate particulars of income - 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 CIT v. Samson Perinchery [2017 (1) TMI 1292 - BOMBAY HIGH COURT] - Decided in favour of assessee
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