2019 (11) TMI 135

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....d Authorised Representative of the assessee filed before us original copy of notice issued u/s.274 r.w.s.271(1)(c) of the Act dated 28.02.2014, and pointed out therefrom that in the said notice, the Assessing Officer has stated as under: "Whereas in the course of proceedings before me for the assessment year 2011-12, it appears to me that you:- ................ *have concealed the particulars of your income or....... furnished inaccurate particulars of such income." 4. He submitted that it is not clear from the said notice issued u/s.274 r.w.s.271(1)(c) of the Act by the Assessing Officer whether the show cause is issued to the assessee for concealment of particulars of income or for furnishing inaccurate particulars of income. ....

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.... This appeal has been filed raising the following substantial questions of law: (1) Whether, omission if assessing officer to explicitly mention that penalty proceedings are being initiated for furnishing of inaccurate particulars or that for concealment of income makes the penalty order liable for cancellation even when it has been proved beyond reasonable doubt that the assessee had concealed income in the facts and circumstances of the case? (2 Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in. holding that the penalty notice under Section 274 r.w.s. 271(l)(c) is had in law and. invalid in spite the amendment of Section 271(1 B) with retrospective effect and by virtue of the amendment, ....

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....he penalty proceedings by issuing the notice u/s 274/271(1)(c) of the Act without specifying the assessee has concealed ''particulars of income" or assessee has furnished "inaccurate particulars of income", so as to provide adequate opportunity to the assessee to explain the show cause notice. Rather notice in this case has been issued in a stereotyped manner without applying any mind which is bad in law, hence is not a valid notice sufficient to impose penalty u/s 271(1)(c) of the Act. 10. The penalty provisions of section 271(1)(c) of the Act are attracted where the assessee has concealed the particulars of income or furnished inaccurate particulars of such income. It is also a well-accepted proposition that the aforesaid two lim....