https://www.taxtmi.com/caselaws?id=769165 ITAT Ranchi held that penalty under section 270A was invalid due to defective show cause notice under section 274. The assessee contended that the AO failed to specify whether penalty was for concealment of income or furnishing inaccurate particulars. Following precedent in Raj Kumar Agrawal case, the tribunal found the notice defective, set aside the penalty order, and directed the AO to delete the penalty. Appeals allowed in favor of assessee. en-us Thu, 20 Feb 2025 00:00:00 +0530 Mon, 21 Apr 2025 08:41:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769165 ITAT Ranchi held that penalty under section 270A was invalid due to defective show cause notice under section 274. The assessee contended that the AO failed to specify whether penalty was for concealment of income or furnishing inaccurate particulars. Following precedent in Raj Kumar Agrawal case, the tribunal found the notice defective, set aside the penalty order, and directed the AO to delete the penalty. Appeals allowed in favor of assessee. Case-Laws Income Tax Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769165