Penalty u/s 271(1)(c) of the Income Tax Act invalidated due to inadequate notification by Assessing Officer u/s 274(1).

Penalty u/s 271(1)(c) of the Income Tax Act invalidated due to inadequate notification by Assessing Officer u/s 274(1). https://www.taxtmi.com/highlights?id=71588 Penalty u/s. 271(1)(c) - A.O had clearly failed to discharge his statutory obligation of fairly putting the assessee to notice as regards the defaults for which he was being proceeded against, therefore, the penalty under Sec. 271(1)(c) imposed by him being in clear violation of the mandate of Sec. 274(1) of the Act cannot be sustained. - AT en-us Tue, 22 Aug 2023 18:53:30 +0530 Tue, 22 Aug 2023 18:53:30 +0530 TaxTMI RSS Generator Penalty u/s 271(1)(c) of the Income Tax Act invalidated due to inadequate notification by Assessing Officer u/s 274(1). https://www.taxtmi.com/highlights?id=71588 Penalty u/s. 271(1)(c) - A.O had clearly failed to discharge his statutory obligation of fairly putting the assessee to notice as regards the defaults for which he was being proceeded against, therefore, the penalty under Sec. 271(1)(c) imposed by him being in clear violation of the mandate of Sec. 274(1) of the Act cannot be sustained. - AT Highlights Income Tax Tue, 22 Aug 2023 18:53:30 +0530 https://www.taxtmi.com/highlights?id=71588