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| The Tax Publishers2020 TaxPub(DT) 0051 (Mum-Trib) INCOME TAX ACT, 1961
Section 271(1)(c)
AO, in the notice issued under section 274 read with section 271(1)(c), did not specify as to whether penalty proceedings were sought to be initiated for furnishing of inaccurate particulars or concealment of income. Accordingly, penalty levied on the basis of such defective notice could not be sustained.
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Penalty under section 271(1)(c) - Concealment or furnishing of inaccurate particulars - Non-specification of particular charge of offence in penalty notice -
Assessee challenged penalty levied by AO under section 271(1)(c) on the ground of non-mention of particular charge in penalty notice.Held: AO in the notice issued under section 274 read with section 271(1)(c) did not specify as to whether penalty proceedings were sought to be initiated for furnishing of inaccurate particulars or concealment of income. Accordingly, penalty levied on the basis of such defective notice could not be sustained.
Followed:Pr.CIT v. Goa coastal Resorts & Recreation Pvt. Ltd. Tax Appeal No. 24 of 2019 order dt. 11-11-2019 : 2020 TaxPub(DT) 0081 (Bom-HC), Meherjee Cassinath Holdings v. Asstt. CIT ITA No. 2555/Mum/2012, dt. 28-4-2017 : 2017 TaxPub(DT) 1239 (Mum-Trib), Orbit Enterprises v. ITO (2017) 60 ITR (Trib) 252 (Mum) : 2017 TaxPub(DT) 5075 (Mum-Trib). Dy.CIT v. Shri Dhaval D. Shah ITA No. 1337/Mum/2016 dt. 16-5-2018 : 2018 TaxPub(DT) 2677 (Mum-Trib) and Dilip N. Shroff (2007) 210 CTR 228 (SC) : (2007) 291 ITR 519 (SC) : 2007 TaxPub(DT) 1247 (SC).
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2013-14, 2014-15 & 2015-16
INCOME TAX ACT, 1961
section 271AAB
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