Penalty u/s 271(1)(c) of Income Tax Act Invalid Due to Defective Notice by Assessing Officer.

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....Penalty u/s 271(1)(c) - defective notice - AO is under obligation to specify the appropriate limb of clause (c) of section 271(1) at the time of initiation as well as at the time of levy of penalty - since legal requirement of making a clear cut reference to the applicable limb is not met - no penalty....