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2018 (8) TMI 845 - ITAT KOLKATA
Levy of penalty u/s 271(1)(c) - defective notice u/s 274 - Held that:- the notice issued u/s. 274 r.w.s 271 of the Act, placed on record, does not specify the charge of offence committed by the assessee viz whether had concealed the particulars of income or had furnished inaccurate particulars of income. Hence the said notice is to be held as defective. - Penalty set aside - Decided in favor of assessee.