https://www.taxtmi.com/highlights?id=58896 Levy of penalty u/s 271(1)(c) - Defective notice - non specification of charge - Notice as barred by limitation u/s 275 - mere non-acceptance of the explanation so submitted by the assessee can be made a basis for addition in the quantum proceedings, however, the same cannot result in levy of penalty u/s 271(1)(c) - AT en-us Fri, 23 Jul 2021 21:42:44 +0530 Fri, 23 Jul 2021 21:42:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58896 Levy of penalty u/s 271(1)(c) - Defective notice - non specification of charge - Notice as barred by limitation u/s 275 - mere non-acceptance of the explanation so submitted by the assessee can be made a basis for addition in the quantum proceedings, however, the same cannot result in levy of penalty u/s 271(1)(c) - AT Highlights Income Tax Fri, 23 Jul 2021 21:42:44 +0530 https://www.taxtmi.com/highlights?id=58896