2023 (1) TMI 1241

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....T ORDER Per Rajpal Yadav, Vice-President (KZ):- The assessee is in appeal before the Tribunal against the order of ld. Commissioner of Income Tax (Appeals)-3, Kolkata dated 14.01.2020 passed for A.Y. 2013-14. 2. The solitary grievance of the assessee is that the ld. CIT(Appeals) has erred in confirming the penalty of Rs.1,85,020/- imposed under section 271(1)(c) of the Income Tax Act. 3. At t....

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....ting the assessee with penalty failed to issue a valid show-cause notice. His notice issued under section 274 was defective. In other words, the ld. Assessing Officer was required to issue a show-cause notice under section 274 specifying the charges whether the assessee is to be visited with penalty for furnishing inaccurate particulars of income or concealment of the particulars of such income. T....