Penalty Imposed u/s 271(1)(C) Overturned Due to Lack of Specific Charge by Assessing Officer.

Penalty Imposed u/s 271(1)(C) Overturned Due to Lack of Specific Charge by Assessing Officer. https://www.taxtmi.com/highlights?id=21537 Penalty levied u/s 271(1)(C) - deemed income being loss claimed and disallowed - The AO has also not specified the charge on which penalty is being levied - No penalty - AT en-us Tue, 27 Jan 2015 11:30:14 +0530 Tue, 27 Jan 2015 11:30:14 +0530 TaxTMI RSS Generator Penalty Imposed u/s 271(1)(C) Overturned Due to Lack of Specific Charge by Assessing Officer. https://www.taxtmi.com/highlights?id=21537 Penalty levied u/s 271(1)(C) - deemed income being loss claimed and disallowed - The AO has also not specified the charge on which penalty is being levied - No penalty - AT Highlights Income Tax Tue, 27 Jan 2015 11:30:14 +0530 https://www.taxtmi.com/highlights?id=21537