TMI Blog2022 (6) TMI 1410X X X X Extracts X X X X X X X X Extracts X X X X ..... ether it is for concealment of income or for furnishing of incorrect particulars of income. Sending printed form where all the grounds mentioned in section 271 are mentioned would not satisfy requirement of law. In Mr. Mohd. Farhan A. Shaikh [ 2021 (3) TMI 608 - BOMBAY HIGH COURT] - Penalty-Concealment-Non-striking off of the irrelevant part while issuing notice u/s 271(1)(c) of the Income Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ated:- 28-6-2022 - DR. B. R. R. KUMAR, ACCOUNTANT MEMBER AND SH. YOGESH KUMAR US, JUDICIAL MEMBER For the Assessee : Sh. Ashwani Kumar, CA Sh. Rahul Chaurasia, CA For the Revenue : Sh. Lalit Kishore, Sr. DR ORDER Per Dr. B. R. R. Kumar, Accountant Member: The present appeals have been filed by the assessee against the orders of the ld. CIT(A)-24, New Delhi, dated 22 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Act was issued and send alongwith assessment order on 23.12.2011. 6. We also find that the para no. 11 of the penalty order reads as under: I hold the assessee in default in concealing the income of Rs.xxxxx. 7. On this issue, we are guided by the following judgments: 1) Karnataka High Court: CIT vs. Manjunatha Cotton and Ginning Factory: 359 ITR 565 held that notice under sect ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 475 of 2019, reiterated that notice under section 274 should specifically state the grounds on which penalty was sought to be imposed as the assessee should know the grounds which he has to meet specifically. 4) The aforesaid principle has been reiterated in the in the case of CIT vs. SSA'S Emerald Meadows: 73 taxmann.com 241 (Kar) [Revenue s SLP dismissed in 242 Taxman 180] 8. Hence, r ..... X X X X Extracts X X X X X X X X Extracts X X X X
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