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Income Tax - Highlights / Catch Notes

Home Highlights March 2021 Year 2021 This

Penalty u/s 271(1)(c) - Assessee is required to be specifically ...

Case Laws     Income Tax

March 10, 2021

Penalty u/s 271(1)(c) - Assessee is required to be specifically made aware of the charges to be leveled against him/her. - Initiating penalty on the basis of invalid satisfaction and on the basis of vague and ambiguous notice issued u/s 271(1)(c) read with section 274 is not sustainable in the eyes of law, hence liable to be deleted. - AT

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