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2020 (5) TMI 298 - AT - Income TaxPenalty u/s 271(1)(C) - Non specification of charge - whether the penalty is going to be levied for concealing particulars of income or furnishing of inaccurate particular of income? - HELD THAT:- Notice issued by the Assessing Officer u/s 274 r.w.s 271(1)(c) of the Act to be bad in law as it did not specify which limb of section 271(1)(c) of the Act the penalty proceedings had been initiated i.e. whether for concealment of particulars of income or furnishing of inaccurate particulars of income.See M/S SSA'S EMERALD MEADOWS [2016 (8) TMI 1145 - SC ORDER] - Decided in favour of the assessee.
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