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2018 (12) TMI 455 - AT - Income TaxPenalty u/s 271(1)(c) - defective notice - non specification of charge - Held that:- We find the notice dated 25.03.2014 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. - Imposition of penalty in the present case cannot be sustained and the same is directed to be cancelled. See Jeetmal Choraria Vs. ACIT [2017 (12) TMI 883 - ITAT, KOLKATA] - Decided in favour of assessee. - Decided in favour of assessee.
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