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| The Tax Publishers2020 TaxPub(DT) 1938 (Ind-Trib) INCOME TAX ACT, 1961
Section 271(1)(c)
AO in the notice issued under section 274 r.w.s. 271(1)(c) did not specify as to whether assesse was guilty of concealment of income or furnishing of inaccurate particulars of income. Accordingly, penalty levied on the basis of such defective notice issued in printed form, could not be sustained.
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Penalty under section 271(1)(c) - Concealment or furnishing of inaccurate particulars - Non specification of particular charge of offence in penalty notice -
Assessee challenged penalty levied by AO under section 271(1)(c) on the ground of non-specification of particular charge of offence in penalty notice. Held:AO in the notice issued under section 274 r.w.s. 271(1)(c) did not specify as to whether assesse was guilty of concealment of income or furnishing of inaccurate particulars of income. Accordingly, penalty levied on the basis of such defective notice issued in printed form, could not be sustained.
REFERRED :
FAVOUR : in assessee's favour
A.Y. :
IN THE ITAT, INDORE BENCH
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