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2019 (10) TMI 355 - ITAT DELHILevy of penalty u/s. 271(1)(c) - validity of notice issued u/s. 274 r.w.s. 271 (1) (c) - non specification of notice - HELD THAT:- Levy of penalty by the AO u/s. 271 (1) (c) of the IT Act which has been upheld by the CIT(A) is bad in law since the notice does not specify under which limb of section 271 (1) (c) of the IT Act the penalty proceedings have been initiated. Therefore, the penalty levied by the Assessing Officer and sustained by CIT(A) is cancelled. - Decided in favour of assessee.
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