2025 (7) TMI 30

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....amani, CA For the Respondent : Smt. Leena Lal, Senior AR ORDER PER PRAKASH CHAND YADAV, JM : The present appeal of the assessee is arising from the order of the National Faceless Appeal Centre / learned Commissioner of Income-tax (Appeals ["CIT(A)" for short] dated 17th March, 2025, and relates to assessment year 2013-2014. 2. At the outset, we find that the solitary issue involved ....

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....ench has observed as under:- "8. We have heard rival submissions and perused the material available on record. Copy of the assessment order dated 09.10.2018 passed u/s. 143(3) r.w.s. 147 of the Act is placed on record. On perusal of the same, it is seen that it has merely mentioned that penalty proceedings have been initiated separately. A copy of the notice issued u/s. 274 of the Act for....

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....w of the matter, we find that the imposition of penalty under Section 271(1)(c) of the I.T. Act on the respondent/assessee for the assessment year 2011-12 cannot be legally sustained." 9. In the instant case, it is an undisputed fact that the assessment order and the notice issued u/s. 274 is vague and is not clear under which limb the penalty has been initiated. Therefore, in the light o....