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2016 (10) TMI 415 - ITAT KOLKATALevy of Penalty u/s. 271(1) (c) - validity of notice - Held that:- In the present case, the notice dt. 30-3-2005 issued to Assessee by the AO U/Sec 274 r/w 271 of the Act does not show on which ground the penalty is sought to be imposed, therefore we hold that the order dt: 30-3-2012 levying penalty is not valid. See CIT & Anr. v. Manjunatha Cotton and Ginning Factory [2013 (7) TMI 620 - KARNATAKA HIGH COURT ] - Decided in favour of assessee
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