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2018 (11) TMI 512 - AT - Income TaxPenalty u/s 271(1)(c) - defective notice - non specification of charge - Held that:- On perusal of the show cause notices issued by the Assessing Officer u/s 274 r.w.s. 271 of the IT Act, 1961, dated 30/11/2010, which is placed on record, it is seen that the Assessing Officer did not mention whether the notice is issued for concealment of income or for furnishing of inaccurate particulars of income. Therefore, as per the ratio laid down by the Hon’ble Supreme Court in the case of SSA’s Emerald Meadows [2016 (8) TMI 1145 - SUPREME COURT], the notice issued by the Assessing Officer is not valid - Decided in favour of assessee.
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