2017 (4) TMI 1408

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....igrahi, CA By Respondent : Shri Supriya Biswas, DR O R D E R PER Bench: All these appeals filed by the assessee are arising out of common order of Commissioner of Income-tax(Appeal)-1, Patna dated 17-06-2014 for AYs 1988-89 to 1991-92 against the penalty levied u/s. 271(1)(c) of the Income-tax Act, 1961 (hereinafter referred to as the "Act"). 2. At the outset itself, the Ld. Counsel....

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....me or has furnished inaccurate particulars of his income. So, the Tribunal held that the said notice without specifying the fault u/s. 271(1)(c) of the Act the notice is bad in law, which order of the Tribunal was upheld by the Hon'ble Karnataka High Court and later on the Hon'ble Supreme Court dismissed the appeal of the revenue in CC No.11485/2016 vide order dated 23.11.2015. Therefore, accordin....

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....he assessee has concealed the particulars of its income or has furnished inaccurate particulars of his income the notice itself is bad in law as held by the Hon'ble Karnataka High Court in the case of SSA's Emerald Medadow, supra. This order of Hon'ble Karnataka High Court has been challenged by the revenue unsuccessfully before the Hon'ble Supreme Court as mentioned above. Since this particular f....