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2019 (9) TMI 188 - AT - Income TaxLevy of penalty u/s 271(1)(c) - non specification of charge - Defective notice - HELD THAT:- In this case, the A.O. issued show cause notice for levy of penalty under section 271(1)(c) which is bad in law as it did not specify in which limb of Section 271(1)(c) the penalty proceedings had been initiated i.e., whether for concealment of particulars of income or furnishing inaccurate particulars of income. The entire penalty proceedings are, therefore, vitiated and no penalty is leviable. On this score itself similar view is taken by Hon’ble Karnataka High Court in the case of CIT vs. M/s. SSAs Emerald Meadows [2016 (8) TMI 1145 - SC ORDER]. Also see M/S. SAHARA INDIA LIFE INSURANCE COMPANY, LTD. [2019 (8) TMI 409 - DELHI HIGH COURT] - Decided in favour of assessee.
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