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2019 (1) TMI 350 - AT - Income TaxLevy of penalty u/s 271(1)(c) - difference between the assessed income and the income as returned by the assessee in the return of income - defective notice - Held that:- When the Assessing Officer proposes to invoke the first limb being concealment, then the notice has to be appropriately marked. Similar is the case for furnishing inaccurate particulars of income. The standard proforma without striking of. the relevant clauses will lead to an inference as to non-application of mind. Hon’ble Karnataka High Court in the case of CIT & Another Vs. Manjunatha Cotton and Ginning Factory [2013 (7) TMI 620 - KARNATAKA HIGH COURT] held that the assessee should know the grounds which he has to meet specifically. Otherwise, the principles of natural justice is offended. - Decided in favour of assessee.
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