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2023 (6) TMI 1271 - AT - Income TaxPenalty u/s 271(1)(c) - Non specification of clear charge - HELD THAT:- There is no dispute with regard to the fact that the notice issued by the AO does not disclose the specific charge. As in the case of Pr.CIT vs M/s. Sahara India Life Insurance Company Ltd. [2019 (8) TMI 409 - DELHI HIGH COURT] has decided the issue in favour of the assessee. Thus facts are not under dispute regarding the notice being defective. Therefore, we, hereby delete the impugned penalty imposed u/s 271(1)(c) - Decided in favour of assessee.
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