Tag Archive: show cause notice u/s 274 of the Act does not strike out the inappropriate words then that imposition of penalty cannot be sustained.

ITAT DELHI held on Mar 19, 2020 that the notice issued by the AO would be bad in law if it did not specify which limb of Section 271(1)(c) the penalty proceedings had been initiated under i.e. whether for concealment of particulars of income or for furnishing of inaccurate particulars of income. M/S GIRI BUILDWELL PVT LTD. vs. ITO

ITAT DELHI held on Mar 19, 2020 that the notice issued by the AO would be bad in law if it did not specify which limb of Section 271(1)(c) the penalty proceedings had been initiated under i.e. whether for concealment…
Read more

271(1)(c), 271(1)(c), AY 2009-10, Delhi, Delhi Tribunal, In Favour of Assessee, ITAT, Penalty, penalty 271(1)(c), penalty proceeding/s 271(1)(c) pending

March 24, 2020

show cause notice u/s 274 of the Act does not strike out the inappropriate words then that imposition of penalty cannot be sustained. Ratan Kumar Paul Vs DCIT

Friends, if a show cause notice issued u/s 274 of the Act does not specify the charge against the assessee as to whether it is for concealing particulars of income or furnishing inaccurate particulars of income and the show cause…
Read more

271(1)(c), 274, AY 2008-09, In Favour of Assessee, Kolkata tribunal

November 16, 2019