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2020 (2) TMI 1304 - AT - Income TaxPenalty u/s 271(1)(c) - Defective notice - HELD THAT:- The irrelevant portion have not been struck off by the A.O. in the notice. The exact charge/s against the assessee as to whether he concealed the particulars of his income or furnished inaccurate particulars of such income is not clear. It is not clear whether the notice was issued for levy of penalty for failure to comply with a notice u/s 142(1)/143(2) of the Income Tax Act, 1961. While the notice appears to be for furnishing inaccurate particular of income the penalty was levied for concealment of income. As relying on DR. MURARI MOHAN KOLEY [2018 (9) TMI 1 - CALCUTTA HIGH COURT] quash the impugned penalty imposed by the Assessing Officer under section 271(1)(c) of the Act and confirmed by the Ld. CIT(A). - Decided in favour of assessee.
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