Penalty Can’t be Sustained on Fact that Notice Issued doesn’t Disclose Specific Charge: ITAT deletes Penalty Imposed u/s 271(1)(c) of Income Tax Act [Read Order]

By Sunayana Dhal - On July 15, 2023 4:30 pm - 2 mins read
Penalty - Fact -Notice - Issued - Disclose - Specific - Charge -ITAT - Penalty - Imposed -Income - Tax - Act - ITAT

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the penalty cannot be sustained on the fact that the notice issued doesn’t disclose a specific charge, the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961. The assessee had filed an income tax return declaring a total income of Rs.14,52,020/-…

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