Penalty u/s 271(1)(C) Invalid Due to Defective Notice; No Penalty Imposed for Lack of Specificity.

Penalty u/s. 271(1)(C) - defective notice - neither the assessee nor anyone else could make out as to whether the notice u/s. 274 r. w. S. 271 of the Act was issued for concealing the particulars of income or for furnishing inaccurate particulars of such income disabling it to meet with the case of the AO - No penalty - AT .....

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