https://www.taxtmi.com/caselaws?id=445961 ITAT Mumbai ruled in favor of the assessee in a penalty case under Section 271(1)(c). The court found the penalty notice under Section 274 defective as it charged the assessee with concealment of income particulars, while the Assessment Order and penalty order were based on furnishing inaccurate particulars of income. This discrepancy between the charge in the notice and the actual penalty imposed violated due process requirements established in Mohd. Farhan A Shaikh case. The penalty order was unsustainable due to this procedural defect. en-us Fri, 22 Sep 2023 00:00:00 +0530 Thu, 23 Nov 2023 07:35:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445961 ITAT Mumbai ruled in favor of the assessee in a penalty case under Section 271(1)(c). The court found the penalty notice under Section 274 defective as it charged the assessee with concealment of income particulars, while the Assessment Order and penalty order were based on furnishing inaccurate particulars of income. This discrepancy between the charge in the notice and the actual penalty imposed violated due process requirements established in Mohd. Farhan A Shaikh case. The penalty order was unsustainable due to this procedural defect. Case-Laws Income Tax Fri, 22 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445961