https://www.taxtmi.com/caselaws?id=750948 The ITAT Raipur held that a penalty u/s 271(1)(c) was invalid due to defective show cause notice. The AO issued a notice specifically for "concealment of income" but subsequently imposed penalty for both "concealment" and "furnishing inaccurate particulars" - two distinct defaults under the provision. The tribunal ruled this violated the assessee's statutory right to proper notice and opportunity to defend, as the penalty order covered grounds not mentioned in the original notice. The penalty was set aside in favor of the assessee. en-us Wed, 13 Mar 2024 00:00:00 +0530 Thu, 04 Apr 2024 08:20:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750948 The ITAT Raipur held that a penalty u/s 271(1)(c) was invalid due to defective show cause notice. The AO issued a notice specifically for "concealment of income" but subsequently imposed penalty for both "concealment" and "furnishing inaccurate particulars" - two distinct defaults under the provision. The tribunal ruled this violated the assessee's statutory right to proper notice and opportunity to defend, as the penalty order covered grounds not mentioned in the original notice. The penalty was set aside in favor of the assessee. Case-Laws Income Tax Wed, 13 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750948