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2021 (7) TMI 214 - AT - Income TaxPenalty u/s 271(1)(c) - defective notice u/s 274 - HELD THAT:- We note that there is no any definite charge/ accusation on the assessee, whether initiation of penalty proceeding is on account of ‘concealment of income’ or on account of ‘furnishing inaccurate particulars of income’. We note that in the case of Mohd. Farhan A. Shaikh,[2021 (3) TMI 608 - BOMBAY HIGH COURT] held that penalty notice under section 271(1) (c ) of the Act must clearly specify charges against assessee. The notice in printed form without deleting inapplicable portions by assessing officer would invalidate the penalty proceedings and penalty imposed by the assessing officer under section 271(1) (c ) of the Act would not sustain. - Decided in favour of assessee.
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