| Court: | ITAT Mumbai |
| Head Notes: | If the penalty notice does not strike off the irrelevant portion viz. concealment or furnishing inaccurate particulars, the notice is bad in law and the penalty is liable to be deleted. The ITAT has considered the judgement of the Bombay High Court in the case of Veena Estate (P) Ltd. vs. CIT [2024] 158 taxmann.com 341 (Bom.), and thereafter, deleted the penalty. |
| Law: | Income-Tax Act |
| Section(s): | 271(1)(c) |
| Counsel(s): | Rahul Sarda and Annavaram Kosuri |
| Dowload Pdf File | Click here to download the file in pdf format |
| Uploaded By | ITAT Online Manager |
| Date of upload: | March 18, 2026 |
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