Defective Notice Under Sec 274 of Income Tax Act Leads to No Penalty Imposed for Lack of Specificity in Grounds.

Defective Notice Under Sec 274 of Income Tax Act Leads to No Penalty Imposed for Lack of Specificity in Grounds. https://www.taxtmi.com/highlights?id=30317 Penalty u/s 271(1)(c) - The show cause notice u/s. 274 of the Act is defective as it does not spell out the grounds on which the penalty is sought to be imposed. - No penalty en-us Fri, 15 Jul 2016 11:54:08 +0530 Fri, 15 Jul 2016 11:54:08 +0530 TaxTMI RSS Generator Defective Notice Under Sec 274 of Income Tax Act Leads to No Penalty Imposed for Lack of Specificity in Grounds. https://www.taxtmi.com/highlights?id=30317 Penalty u/s 271(1)(c) - The show cause notice u/s. 274 of the Act is defective as it does not spell out the grounds on which the penalty is sought to be imposed. - No penalty Highlights Income Tax Fri, 15 Jul 2016 11:54:08 +0530 https://www.taxtmi.com/highlights?id=30317