Latest Income-Tax Details

For Full Access To All Latest Judgments on Income Tax
Click Here To Subscribe Now
Take a tour of our Income-Tax Library

In favour of assessee.Notice issued by the Assessing Officer u/s 274 r.w.s 271(1)(c) of the Act to be bad in law as it did not specify which limb of section 271(1)(c) of the Act the penalty proceedings had been initiated i.e. whether for concealment of particulars of income or furnishing of inaccurate particulars of income.

Shanti Prime Publication Pvt. Ltd.

Sec. 271(1)(C) of Income Tax Act, 1961— Penalty —BLACKROCK SECURITIES PVT LTD. vs. Asstt. CIT.[2020] 25 ITCD Online 011 (ITAT-DELHI)