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2022 (11) TMI 20 - AT - Income TaxPenalty u/s 271(1)(c) - Non specification of charge - HELD THAT:- Respectfully following the judgment of the Hon’ble Delhi High Court in the case of Sahara India Life Insurance Co. Ltd. [2019 (8) TMI 409 - DELHI HIGH COURT] we hold that the notice issued by the Assessing Authority did not specify under which limb of section 271(1)(c) of the Act, the notice has been issued, hence it is bad in law. Therefore, the penalty levied by the AO and sustained by the learned CIT(Appeals) on the basis of invalid notice deserves to be deleted. Accordingly, the AO is herby directed to delete the penalty. Grounds raised by the assessee are allowed.
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