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2017 (5) TMI 1306 - ITAT RAJKOT
Penalty u/s. 271(1)(c) - addition u/s 68 - defective notice - Held that:- The notice issued u/s. 274 r.w.s 271(1)(c) of the Act was illegal and bad in law as it had not specified the charges on which the penalty was levied i.e. for concealment of particulars of income or furnishing inaccurate particulars of income, therefore, we allow the appeal of the assessee. - Decided in favour of assessee.