Invalid Penalty Notices Under Income Tax Act Sections 271(1)(c) and 274 Must Be Clear; Ambiguity Leads to Deletion.

Penalty u/s 271(1)(c) - Assessee is required to be specifically made aware of the charges to be leveled against him/her. - Initiating penalty on the basis of invalid satisfaction and on the basis of vague and ambiguous notice issued u/s 271(1)(c) read with section 274 is not sustainable in the eyes of law, hence liable to be deleted. - AT .....

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