Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2024 (1) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2024 (1) TMI 260 - AT - Income TaxPenalty u/s 271(1)(c) - defective notice - not specification of clear charge - HELD THAT:- As relying on MANJUNATHA COTTON AND GINNING FACTORY[2013 (7) TMI 620 - KARNATAKA HIGH COURT] and MR. MOHD. FARHAN [2021 (3) TMI 608 - BOMBAY HIGH COURT (LB)] and M/S SSA'S EMERALD MEADOWS [2016 (8) TMI 1145 - SC ORDER] since, the Assessing Officer has not been specified under section 274 as to whether penalty is proposed for alleged "concealment of income" or "furnishing of inaccurate particulars of such income", the penalty levied is hereby obliterated. Appeal of the assessee is allowed.
|