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Sec. 271(1)(c) of Income Tax act, 1961— Penalty — Since the notice does not specify for what offence proceedings were initiated, the decision of the Hon'ble Apex Court, as pointed out above, will squarely apply to the facts of the case, following which it was held that there is no scope for levy of penalty under section 271(1)(c) - DELHI SURGICAL & DRESSING PVT. LTD. V/s DEPUTY CIT -  28 ITCD Online 067 (ITAT-DELHI)