2024 (9) TMI 1698 - SCH - Income Tax

Penalty u/s 271(1)(c) - defective notice u/s 274 - non specification of clear charge/Default - HC decided 2023 (8) TMI 1373 - DELHI HIGH COURT Revenue does not dispute that none of the penalty notices issued to the respondent/assessee for the aforementioned AYs advert to the specific limb of Section 271(1)(c) which is triggered against him. It is not clear whether the AO intended to levy a penalty on the respondent/assessee for concealment of particulars of his income or furnishing inaccurate particulars. HELD THAT - There is gross delay of 371 days in filing this Special Leave Petition. Delay in refiling is condoned.

Summary

The Supreme Court, in a judgment delivered by Hon'ble Mrs. Justice B.V. Nagarathna and Hon'ble Mr. Justice Nongmeikapam Kotiswar Singh, dismissed a special leave petition due to a significant delay of 260 days in filing. The Court referred to a previous order in Principal Commissioner of Income Tax vs. Shyam Sunder Jindal and rejected the application for condonation of delay, resulting in the dismissal of the special leave petition. Any pending applications were also disposed of accordingly.