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2022 (6) TMI 1008 - ITAT CHENNAI
Penalty u/ 271(1)(c) - defective notice u/s 274 - Non specification of specific charge - as submitted Penalty order is bad in law for the reason that the Show cause notice for levy of penalty did not specify whether the said notice is for concealment of income or furnishing of inaccurate particulars - HELD THAT:- Since no specific charge was framed either in the show cause notice or in the body of penalty order, and there was failure on the part of Ld. AO to frame specific charge against the assessee, the penalty would not be sustainable in the eyes of law. By deleting the impugned penalty, we allow the appeal of assessee.