Where in the notice issued under section 274 of the Act, the irrelevant limb (concealment of income or furnishing of inaccurate particulars of income) was not struck off, the penalty proceedings were bad in law and were to be quashed.
PCIT v. Goa Dourado Promotions Pvt. Ltd. (2021) 433 ITR 268 (Panji) (Bom.)(HC)
S. 271(1)(c) : Penalty-Concealment-Not striking off the irrelevant limb-Levy of penalty is held to be bad in law. [S. 274].