The penalty notice and levy of penalty were liable to be quashed as the AO had not struck off the inapplicable portion in the notice. followed: Mohd. Farhan A. Shaikh v. Dy. CIT (2021) 434 ITR 1 (Bom.) (HC) (AY.2009-10)
Sonpal Singh Pal Singh Saini v. ITO (2023) 102 ITR 32 (SN) (Mum.)(Trib)
S. 271(1)(c): Penalty-Concealment-Notice-AO had not struck off the inapplicable portion as to whether the levy of penalty was for concealment of income or for furnishing of inaccurate particulars of income-Penalty is not valid.[S.274]
Leave a Reply