penalty notice u/s 274

  • Income Tax

Penalty u/s 271(1)(c) confirmed despite non specific charge in notice

Penalty u/s 271(1)(c) confirmed despite non specifying charge in the notice as assessee not raised it before CIT(A) and changed…

5 years ago
  • Income Tax

271(1)(c) Penalty -Unspecified charge in notice can be made good in penalty order

Penalty U/s 271(1)(c)-Unspecified charge in notice can be made good with a clear-cut finding in penalty order - ITAT explains…

5 years ago
  • Income Tax

Not striking off concealment penalty notice-SC dismisses assessee’s SLP

Not striking off penalty notice SC dismisses assessee’s SLP against High Court order holding that it had caused no prejudice…

6 years ago
  • Income Tax

Demand notice quashed as due to absence of AO no hearing was held as contemplated u/s 274

Demand notice quashed as due to absence of AO it did not precede any hearing as contemplated under Section 274…

6 years ago
  • Income Tax

Non issuance of statutory notice u/s 274(1) vitiated levy of penalty u/s 271(1)(b) – ITAT

Non issuance of statutory notice u/s 274(1) vitiated levy of penalty u/s 271(1)(b). Mere proposal to initiate penalty proceedings not…

6 years ago
  • Income Tax

Penalty notice without specific charges when assessee had no confusion if it was for concealment or inaccurate particulars-Upheld

Penalty notice without specific charges when assessee had no confusion as to if it was for concealment or inaccurate particulars as…

7 years ago
  • Income Tax

Non striking off clause in penalty notice u/s 271(1)(c) do not invalidate it. ITAT deviates from the Judgment of Karnataka High Court follows jurisdictional High Court

Non striking off clause in penalty notice u/s 271(1)(c) do not invalidate it. ITAT deviates from the Judgment of Karnataka…

7 years ago