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2018 (10) TMI 926 - AT - Income TaxPenalty levied u/s 271(1)(c) - non specification of charge - defective notice - Held that:- From the notice it is not clear whether Assessing Officer has initiated penalty proceedings for concealment of particulars of income or for furnished inaccurate particulars, however, the Assessing Officer has imposed penalty for filing of inaccurate particulars of income. Therefore, the notice issued by the Assessing Officer is a vague notice and is liable to be quashed in the light of the decision of the Hon'ble Jurisdictional High Court in the case of Smt. Baisetty Revathi (2017 (7) TMI 776 - ANDHRA PRADESH HIGH COURT) and also the decision of the Hon'ble Supreme Court in the case of SSA‟s Emerald Meadows (2016 (8) TMI 1145 - SUPREME COURT). - decided in favour of assessee
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