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2019 (5) TMI 417 - AT - Income TaxLevy of penalty u/s 271(1)(c) - defective notice - non specification of charge - HELD THAT:- As relying on SSA'S EMERALD MEADOWS [2016 (8) TMI 1145 - SC ORDER] and MANJUNATHA COTTON AND GINNING FACTORY & OTHS., M/S. V.S. LAD & SONS, [2013 (7) TMI 620 - KARNATAKA HIGH COURT] imposing of penalty u/s 271(1)(c) of the Act is bad in law and invalid for the reason that the show cause notice u/s 274 of the Act does not specify the charge against the assessee as to whether it is for concealment of particulars of income or furnishing of inaccurate particulars of income. Also see DR. MURARI MOHAN KOLEY [2018 (9) TMI 1 - CALCUTTA HIGH COURT] - Decided in favour of assessee.
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