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2017 (4) TMI 445 - AT - Income TaxPenalty u/s.271 (1)(c) - invalid notice - Held that:- The notice dated 30.12.2011 issued for initiation of penalty proceedings under section 271(1)(c) of the Act for A.Y. 2006-07 is defective and issued without application of mind and is therefore invalid and bad in law. Consequently the order dated 27.09.2013 levying penalty under section 271(1)(c) of the Act for A.Y. 2006-07 is also invalid and liable to be cancelled. In this view of the matter the impugned order of the learned CIT(A) is reversed and the additional grounds 1 and 2 raised by the assessee for A.Y. 2006-07 are allowed.
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