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2018 (12) TMI 1072 - AT - Income TaxPenalty u/s 271(1)(c) - additional income declared by the appellant in the return of income filed in response to the notice issued u/s 153C - specification of charge - Held that:- Notice issued u/s 274 r.w.s 271(1)(c) of the Act is suffering from serious technical error and non application of mind by Ld.A.O who failed to level specific charge on the assessee at the time of initiating penalty proceedings due to which the principle of natural justice seems not to have been followed. We accordingly hold that the impugned penalty notice u/s 274 r.w.s. 271(1)(c) of the Act are invalid and untenable and thus deserves to be quashed. - Decided in favour of assessee.
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