Tribunal held that the show cause notices issued did not specify the charge against assessee as to whether it was for concealing particulars of income or furnishing inaccurate particulars of income and the AO did not struck out the inapplicable words. Accordingly imposition of penalty is held to be not valid. (AY. 2008-09)
Rajesh Enterprises v. ITO (2019) 74 ITR 12 (SN) (Bang.)(Trib.)
S. 271(1)(c) : Penalty–Concealment-Notice not specifying the charge whether concealing particulars of income or furnishing inaccurate particulars of income–Failing to strike inapplicable words- Levy of penalty is held to be not valid. [S. 274]