Dismissing the appeal the Court held that the conclusion reached by the Tribunal that the notice for imposition of penalty under section 271(1)(c) of the Act did not specify under which limb of the provision the penalty was sought to be levied was correct. The deletion of penalty is justified.(AY.2007-08)
PCIT v. Minu Bakshi (Ms.) (2024)462 ITR 301 (Delhi)(HC)
S. 271(1)(c) : Penalty-Concealment-Furnishing inaccurate particulars-Order of penalty should clearly specify ground on which it is levied. [S. 260A]