Where notice was issued to assessee for levying penalty under section 274 read with section 271 (1)(c), however, no specific limb of penalty was indicated i.e., whether it was for concealment of income or for furnishing of inaccurate particulars of income, penalty order was to be set aside. (AY.2013-14)
Sudesh Gupta v. ACIT (2025) 210 ITD 436 (Delhi) (Trib.)
S. 271(1)(c) : Penalty-Concealment-Not specifying the limb of penalty-Penalty order is quashed and set aside. [S. 274]
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