Held, that the notice did not make it clear if the assessee was called upon to explain for concealment of particulars of income or for furnishing inaccurate particulars of income. In the absence of striking off specific limb in the notice, the notice was invalid and the consequential penalty order was not sustainable in law.(AY.2013-14)
India Flysafe Aviation Ltd. v Dy. CIT (2024)113 ITR 431 (Delhi)(Trib)
S. 271(1)(c) : Penalty-Concealment-Notice not specifying the charge of proceedings initiated-Penalty is bad in law.[S. 274]
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