Sree Navaladiyan Finance v.Dy.CIT (2024) 231 TTJ 192 (Chennai)(Trib)

S. 271(1)(c) : Penalty-Concealment-Not specifying the charge-Penalty is deleted. [S.270A, 274]

Held that  the charge framed by the AO is that there  is under reporting of income however the penalty levied under section 271(1)(c) without mentioning whether it is a case of concealment of income or furnishing of inaccurate particulars of income. Penalty is deleted. (AY. 2013-14 to 2016-17)

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