Dismissing the appeal of the revenue where AO while issuing show cause notice u/s 271(1)(c) was unsure whether penalty was for concealment or furnishing inaccurate particulars, such vague notice indicated non-application of mind, and penalty order was quashed. [AY. 2006-07]
PCIT v. Jehangir H. C. Jehangir [2023] 155 taxmann.com 209 (Bom)(HC)
S. 271(1)(c) : Penalty-Concealment-Defective notice-Not specifying the charge-Concealment of income-Inaccurate particulars of income-Non-application of mind-Order of Tribunal quashing the penalty was affirmed.[S. 260A, 274]
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