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Penalty u/s 271(1)(c) - show-cause notice issued under section 274 read with section 271 of the Act is defective as it does not speak about the grounds on which the penalty has been imposed.

Income Tax - Penalty u/s 271(1)(c) - show-cause notice issued under section 274 read with section 271 of the Act is defective as it does not speak about the grounds on which the penalty has been imposed. - TMI Tax Updates - Highlights .....

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