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2019 (1) TMI 1000 - AT - Income TaxPenalty u/s 271(1)(c) - non specification of charge - defective notice - Held that:- In the present case, it is an admitted fact that the AO initiated the penalty proceedings u/s 271(1)(c) of the Act for furnishing of inaccurate particulars of income but the penalty has been levied for concealment of income which was not the charge while initiating the penalty proceedings u/s 271(1)(c) of the Act. Therefore, the impugned penalty levied by the AO and sustained by the ld. CIT(A) was not justified. Accordingly, the same is deleted. - decided in favour of assessee.
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