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2018 (6) TMI 510 - AT - Income TaxPenalty u/s 271(1)(c) - addition made on account rent free accommodation and unexplained expenditure - defective notice - non specification of charge - Held that:- The show cause notice issued in the present case u/s 274 of the Act does not specify the charge against the assessee as to whether it is for concealing particulars of income or furnishing inaccurate particulars of income. The show cause notice u/s 274 of the Act does not strike out the inappropriate words. Following the judgement in case of Jeetmal Choraria vs ACIT [2017 (12) TMI 883 - ITAT, KOLKATA] we cancel the penalty imposed by the A.O. under section 271(1)(c) and confirmed by the Ld. CIT(A) - appeal of revenue is dismissed.
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