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2018 (8) TMI 1204 - ITAT DELHILevy of penalty - notice issued u/s 274 r.w.s. 271 - AO has not struck off the inappropriate words - Held that:- Since in the instant case, the Assessing Officer has not struck off the inappropriate words in the notices issued u/s 274 r.w.s. 271, therefore, the notice does not specify under which limb of section 271(1)(c) the penalty proceedings had been initiated i.e. whether for concealment of income or for furnishing of inaccurate particulars of income. Therefore, the penalty proceedings become bad in law. - Decided in favor of assessee.
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