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2018 (8) TMI 676 - AT - Income TaxLevy of penalty u/s 271(1)(c) - defective notice issued u/s. 274 - Held that:- when there are two views on the issue, one in the favouring of assessee should be adopted - the notice issued u/s. 274 r.w.s 271 of the Act, placed on record does not specify the charge of offence committed by the assessee viz whether had concealed the particulars of income or had furnished inaccurate particulars of income. Hence the said notice is to be held as defective. No penalty - Decided in favor of assessee.
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