Non-mentioning of Specific Limb in Income Tax Notice and Assessment Order by AO: ITAT deletes Penalty u/s 271(1)(c) [Read Order]

The ITAT laid paramount importance to the need for Orders passed by Assessing Officers to have clear and unambiguous language while issuing notices
By Avinash Kurungot - On August 21, 2024 4:20 pm - 3 mins read
ITAT - ITAT Mumbai - Income Tax - Income Tax Notice - Income Tax Act - Assessment Order - taxscan

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) in a recent decision reaffirmed the need for ensuring clarity and avoiding all sorts of procedural ambiguity while issuing Notices and Assessment Orders under the provisions of the Income Tax Act, 1961. The Appellant Assessee, Priority Jewels Private Limited was subject to Assessment…

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