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2018 (3) TMI 81 - ITAT KOLKATAPenalty u/s 271(1)(c) - disallowance of prior period expenditure on electricity charges to DVC - defective notice - Held that:- The show cause notice issued in the present case u/s 274 of the Act does not specify the charge against the assessee as to whether it is for concealing particulars of income or furnishing inaccurate particulars of income. The show cause notice u/s 274 of the Act does not strike out the inappropriate words. In these circumstances, we are of the view that imposition of penalty cannot be sustained. See Jeetmal Choraria Versus A.C.I.T., Circle-43 [2017 (12) TMI 883 - ITAT, KOLKATA] - Decided in favour of assessee.
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