Income Tax Penalty not leviable in the Absence of Specific Charge against Assessee: ITAT [Read Order]

Income Tax Penalty - leviable - Assessee - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Chennai bench comprising Shri Mahavir Singh, Vice President and  Shri Manoj Kumar Aggarwal, AM has held that the income tax penalty levied under section 271(1)(c) of the Income Tax Act, 1961 is invalid in the absence of specific charges against the assessee. The Tribunal was considering a bunch of…

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Mahaveerchand Jain vs DCIT

Counsel for Appellant:   Shri D. Anand

Counsel for Respondent:   Shri G. Johnson

CITATION:   2022 TAXSCAN (ITAT) 513

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