https://www.taxtmi.com/caselaws?id=456929 ITAT Chennai held that penalty u/s 271(1)(c) was not maintainable due to defective notice. The AO failed to strike off inappropriate words in the penalty notice and did not specify whether penalty was for concealment of income or filing inaccurate particulars. The AO should have used "and" between both grounds if initiating penalty for both reasons. Since this defect went to the root of penalty initiation, the penalty was deleted without examining merits. Revenue's appeal was dismissed. en-us Wed, 24 Aug 2022 00:00:00 +0530 Tue, 27 Aug 2024 08:20:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456929 ITAT Chennai held that penalty u/s 271(1)(c) was not maintainable due to defective notice. The AO failed to strike off inappropriate words in the penalty notice and did not specify whether penalty was for concealment of income or filing inaccurate particulars. The AO should have used "and" between both grounds if initiating penalty for both reasons. Since this defect went to the root of penalty initiation, the penalty was deleted without examining merits. Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 24 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456929