Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2021 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (7) TMI 154 - AT - Income TaxPenalty u/s. 271(1)(c) - defective notice u/s 274 - HELD THAT:- In the case under consideration, on perusal of the show cause notices issued by the Assessing Officer u/s. 274r.w.s. 271(1)(c) it is seen that the Assessing Officer did not mention whether the notice is issued for concealment of income or for furnishing of inaccurate particulars of income. Therefore, as per the ratio laid down by the Hon'ble Supreme Court in the case of SSA's Emerald Meadows [2016 (8) TMI 1145 - SC ORDER] the notice issued by the Assessing Officer is not valid and consequently, the order passed u/s. 271(1)(c) is also not valid. Hence, we set aside the order of the CIT(A) and quash the order passed by the Assessing Officer u/s. 271(1)(c) of the Act. Accordingly, the appeal of the assessee is allowed.
|