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2019 (10) TMI 471 - AT - Income TaxPenalty u/s 271(1)(c) - non specification of charge - HELD THAT:- A.O has wrongly initiated the penalty proceedings by not specifying the charge for levy of penalty i.e. whether the penalty proceedings has been initiated for concealing particulars of income or for furnishing the inaccurate particulars of income. Assessing Officer has made proper satisfaction on record in the assessment order for initiating penalty proceedings but in the notice issue u/s 274 r.w.s. 271(1)(c) of the Act, Ld. A.O remained silent by not specifying as for which charge the penalty proceedings have been initiated. See SHRI VARAD MEHTA VERSUS DCIT 1 (1) , BHOPAL [2018 (12) TMI 1091 - ITAT INDORE] - Decided in favour of assessee.
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