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2019 (6) TMI 1297 - AT - Income TaxPenalty u/s 271(1)(c) - invalid notice issued u/s 274 - HELD THAT:- Whether Assessing Officer has initiated penalty proceedings for concealment of particulars of income or for furnished inaccurate particulars. Therefore, the notice issued by the AO is a vague notice and is liable to be quashed in the light of the decision of Telangana & A.P. in the case of Smt. Baisetty Revathi [2017 (7) TMI 776 - ANDHRA PRADESH HIGH COURT] and also the decision of the Hon'ble Supreme Court in the case of SSA’s Emerald Meadows [2016 (8) TMI 1145 - SC ORDER]. The coordinate bench of the Visakhapatnam tribunal in the case of Konchada Sreeram Vs. ITO [2017 (7) TMI 776 - ANDHRA PRADESH HIGH COURT] has considered the validity of notice by following the above referred to judgments and held that notice issued by the Assessing Officer is not a valid notice and accordingly quashed. - Decided in favour of assessee.
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