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2020 (3) TMI 1232 - AT - Income TaxPenalty levied u/s. 271(1)(c) - Non specification of limb on which the penalty was proposed to be levied - non-striking off relevant clause in the notice shows - HELD THAT:- We hold that the notice was issued by the Assessing Officer U/s. 274 r.w.s 271(1)(c) of the Act is without specifying the charge for which the notice was issued as was non striking off of the inappropriate limb on account of non-application of mind and therefore the penalty proceedings initiated are bad in law. Thus, we direct the Assessing Officer to delete the penalty levied U/s. 271(1)(c) of the Act. - Decided in favour of assessee.
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