Penalty Notice Issued u/s 274 of Income Tax Act not Specifying Charge against Assessee is Invalid: ITAT [Read Order]

By Ipsita Das - On August 28, 2023 9:00 am - 2 mins read
Penalty Notice - Income Tax Act - Specifying Charge - Assessee - ITAT - taxscan

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) held that show cause notice issued by the Assessing Officer (AO)  under Section 274 read with Section 271(1)(c) of the Income Tax Act,1961 is defective/invalid as it did not explicitly convey to the assessee the specific fault/charge the assessee is being proceeded for levy of penalty….

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