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2021 (3) TMI 42 - AT - Income TaxPenalty u/s 271(1)(c) - proceedings under section 153C were conducted against the assessee - Defective notice - non specification of charge - as submitted that for A.Ys. 2010-11, 2011-12 & 2012-13 additional income that was disclosed before the Settlement Commission amounting to ₹ 1 lakh in each year was added by the AO and on such addition, penalty was imposed - HELD THAT:- As decided in own case [2021 (1) TMI 840 - ITAT DELHI] Inappropriate words in the penalty notice has not been struck off and the notice does not specify as to under which limb of the provisions, the penalty u/s 271(1)(c) has been initiated, therefore, we are of the considered opinion that the penalty levied u/s 271(1)(c) is not sustainable and has to be deleted - notice under Section 271(1)(c) r.w.s. 274 of the Act itself is bad in law. - Decided in favour of assessee.
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