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Penalty u/s 271AAB Invalid Due to Uncertainty and Incorrect Notice u/s 274 of Income Tax Act.
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....Penalty u/s 271AAB - the Ld. Assessing Officer was not aware as to on what basis he was levying the penalty. This action of AO in itself makes the penalty proceedings null and void, as assessee was not served with a correct notice u/s 274 of the Act to initiate the penalty proceedings. - AT....