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2019 (6) TMI 44 - ITAT DELHILevy of penalty u/s 27(1)(c) - Difference in charge in penalty initiated and penalty levied - Defective notice - non specification of charge - addition u/s 68/69 for cash deposit in bank account - HELD THAT:- In the present case, penalty has been initiated on the charge of furnishing inaccurate particulars, but Ld.AO levied penalty on concealment of income. It is observed that assessee was asked to explain penalty on one count whereas levy has been on other count. This itself calls for quashing of penalty order passed by Ld.A.O. for all years under consideration. We, therefore, quash and set aside the penalty order so passed for all years under consideration. Accordingly we allow the claim of assessee on the ground of legality and validity of Penalty order for all the years under consideration. - Decided in favour of assessee.
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