2017 (10) TMI 1400 - HC - Income Tax

Concealment of income imposition of penalty - concealment of income and cessation of liability - Validity of notice u/s 271(1)(c) - Whether the notice issued under Section 271(1)(c) in the printed form without specifically mentioning whether the proceedings are initiated on the ground of concealment of income or on account of furnishing of inaccurate particulars is valid and legal and the proceedings initiated by the Assessing Authority was legal and valid Held that - the question raised in this appeal is answered against the appellants by this Court in CIT v. Manjunatha Cotton and Ginning Factory 2013 (7) TMI 620 - KARNATAKA HIGH COURT - Appeal dismissed.

Summary

The Karnataka High Court dismissed the appeal as the question raised was answered against the appellants in a previous case. The citation for the judgment is 2017 (10) TMI 1400.