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2023 (10) TMI 624 - ITAT DELHIPenalty u/s 271(1)(c) - non specification of charge - defective notice - whether it is for concealment of particulars of income or furnishing of inaccurate particulars of income? - HELD THAT:- As relying on Manjunatha Cotton and Ginning Factory [2013 (7) TMI 620 - KARNATAKA HIGH COURT] and Mr. Mohd. Farhan A. Shaikh [2021 (3) TMI 608 - BOMBAY HIGH COURT] since the AO has not been specified u/s 274 as to whether penalty is proposed for alleged ‘concealment of income’ OR ‘furnishing of inaccurate particulars of such income’, the penalty levied is hereby obliterated. Appeals of the assessee are allowed.
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