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2019 (1) TMI 111 - AT - Income TaxPenalty u/s. 271(1)(c) - non specification of charge - defective notice - Held that:- The charge on which penalty has been levied has not been specified in the assessment order, as to whether the penalty has been levied for concealment of income or furnishing of inaccurate particulars of income with regard to the addition made by the A.O. This is followed by a notice for the levy of penalty u/s.271(1)(c) in which the specific limb identifying the charge has not been identified - due to absence of satisfaction and identification of the specific charge for levy of penalty, the penalty in this case deserves to be deleted on this account also. See M/S SSA'S EMERALD MEADOWS [2016 (8) TMI 1145 - SUPREME COURT] - Decided in favour of assessee.
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