2025 (9) TMI 1301

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....D.) C.V. BHADANG, PRESIDENT : By this appeal, the assessee is challenging the concurrent orders passed by the authorities below, confirming levy of penalty under Section 271(1)(c) of the Income Tax Act, 1961 ('Act' for short) purportedly on the ground, that the appellant-assessee has furnished 'inaccurate particulars of income'. 2. We have heard the learned counsel for parties. Perused record. ....

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....com 574 (Bombay) in order to submit that the notice which was issued in this case did not specifically mention the ground on which the penalty was proposed to be imposed. It is pointed out that the relevant provision contemplates levying of penalty both on account of assessee having concealed the particulars of income or having furnished inaccurate particulars of such income. The learned counsel h....