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2018 (4) TMI 1351 - AT - Income TaxValidity of initiation of proceedings u/s 271(1)(c) - non specification of charge - Held that:- When the AO has not specifically indicated the grounds for initiation of proceedings for levy of penalty whether it is for concealment of particulars of income or for furnishing inaccurate particulars of income, then the said show cause notice suffers from illegality and consequential order passed by the AO u/s 271(1)(c) is not sustainable and liable to be quashed. Accordingly, we set aside the impugned order passed u/s 271(1)(c) and delete the penalty of levied by the AO u/s 271(1)(c) of the Act. - Decided in favour of assessee.
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