https://www.taxtmi.com/caselaws?id=766431 ITAT Delhi held that penalty proceedings under section 271(1)(c) were invalid due to defective notice. The AO issued stereotyped notices under section 274 read with 271(1)(c) without specifying whether the assessee concealed income particulars or furnished inaccurate particulars, and failed to strike off irrelevant words. This demonstrated non-application of mind and denied the assessee adequate opportunity to respond. The tribunal ruled such notices legally insufficient for imposing penalties and allowed the assessee's appeal. en-us Fri, 21 Feb 2025 00:00:00 +0530 Tue, 25 Feb 2025 08:24:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766431 ITAT Delhi held that penalty proceedings under section 271(1)(c) were invalid due to defective notice. The AO issued stereotyped notices under section 274 read with 271(1)(c) without specifying whether the assessee concealed income particulars or furnished inaccurate particulars, and failed to strike off irrelevant words. This demonstrated non-application of mind and denied the assessee adequate opportunity to respond. The tribunal ruled such notices legally insufficient for imposing penalties and allowed the assessee's appeal. Case-Laws Income Tax Fri, 21 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766431