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2022 (1) TMI 645 - AT - Income TaxPenalty u/s 271(1)(c) - Validity of notice u/s 274 - as argued non deleting the appropriate clause under which the penalty is proposed to be imposed is either for filling of inaccurate particular of income or concealment of particulars of income - HELD THAT:- We are inclined to accept the plea of the assessee that the notice issued for the purposes of imposition of penalty, which suffers from the vice of vagueness, does not provide sound legal basis for imposition of penalty. Consequently, we set aside the order of the CIT(A) and quash the impugned penalty order. - Decided in favour of assessee.
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