ITAT Rules AO Notice Invalid u/s 271(1)(c) for Lack of Clarity on Penalty Grounds.

ITAT Rules AO Notice Invalid u/s 271(1)(c) for Lack of Clarity on Penalty Grounds. https://www.taxtmi.com/highlights?id=48500 Penalty u/s 271(1)(c) - Defective notice - ITAT observed that the notice issued by the AO would be bad in law if it did not specify which limb of Section 271(1) (c) the penalty proceedings had been initiated under i.e. whether for concealment of particulars of income or for furnishing of inaccurate particulars of income - no error having been committed by the ITAT en-us Thu, 08 Aug 2019 09:27:15 +0530 Thu, 08 Aug 2019 09:27:15 +0530 TaxTMI RSS Generator ITAT Rules AO Notice Invalid u/s 271(1)(c) for Lack of Clarity on Penalty Grounds. https://www.taxtmi.com/highlights?id=48500 Penalty u/s 271(1)(c) - Defective notice - ITAT observed that the notice issued by the AO would be bad in law if it did not specify which limb of Section 271(1) (c) the penalty proceedings had been initiated under i.e. whether for concealment of particulars of income or for furnishing of inaccurate particulars of income - no error having been committed by the ITAT Highlights Income Tax Thu, 08 Aug 2019 09:27:15 +0530 https://www.taxtmi.com/highlights?id=48500