Held that since penalty order passed by Assessing Officer under section 271(1)(c) did not mention specific charge of default committed by assessee i.e. whether assessee has concealed its particulars of income or furnished inaccurate particulars of such income, penalty order is contrary to law. Order of CIT(A) is affirmed. (AY. 2013-14)
DCIT v. Lakhani Arman Shoes (P.) Ltd. (2024) 209 ITD 497 (Delhi) (Trib.)
S. 271(1)(c) : Penalty-Concealment-Not specifying the charge-Penalty order is quashed.
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