Income Tax Penalty u/s 271(1)(c) Overturned Due to Defective Show Cause Notice, Lacks Specificity in Charges.

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....Penalty u/s 271(1)(c) - defective notice - the show cause notice u/s 271(1)(c) AO had neither strike out the inappropriate words nor specify the charges against the assessee as to whether it is for “concealing particulars of income” or “furnishing inaccurate particulars of income - imposition of penalty cannot be sustained....