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2018 (4) TMI 76 - AT - Income TaxPenalty u/s 271(1)(c) - non specifying the limb under which penalty is being imposed, whether for furnishing inaccurate particulars of income or concealment of income - Held that:- As notice under section 271(1)(c) of the Act is not specific as it did not mention specifically as to which limb penalty under section 271(1)(c) is imposed upon the assessee by the Assessing Officer. Notice for imposition of penalty under section 271(1)(c) of the Act issued in the case of the assessee is bad in law, invalid and, therefore, liable to be quashed. We, therefore, set aside the order of the ld. CIT(A) and the penalty imposed by the Assessing Officer and confirmed by the ld. CIT(A) under section 271(1)(c) of the Act is deleted. - Decided in favour of assessee
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