Shiv Agrevo Ltd. v. Dy. CIT (2024)114 ITR 90 (SN)(Jaipur)(Trib)

S. 271(1)(c) : Penalty-Concealment-Notice not specifying the charge-Estimation of gross profit-Penalty is deleted.[S, 274]

Held that penalty  cannot be levied without specifying the specific charge. Even on merit when gross profit is estimated, penalty cannot be levied. (AY.2015-16)

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