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2018 (4) TMI 179 - AT - Income TaxLevy of penalty u/s 271(1)(c) - addition on account of surrender of professional receipts - Held that:- Language used in the end of the assessment order and even while levying the penalty, the A.O. mentioned the same facts. Same facts are mentioned in the show cause notice. The show cause notice issued by A.O. under section 274 r.w.s. 271(1)(c) of the I.T. Act, is bad in law as it did not specify which limb of Section 271(1)(c) of the I.T. Act, the penalty proceedings had been initiated i.e., whether for concealment of particulars of income or for furnishing inaccurate particulars of income. Therefore, penalty is liable to be cancelled because the notice itself is vitiated. The issue is covered in favour of the assessee by the order in the case of Sunstar Exposition Pvt. Ltd., New Delhi (2017 (8) TMI 75 - ITAT DELHI). - Decided in favour of assessee.
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