Initiation of penalty proceedings u/s. 271(1)(c) without specifying limb is bad-in-law

PCIT Vs Ennoble Construction (Karnataka High Court)

Karnataka High Court held that initiation of penalty proceedings under section 271(1)(c) of the Income Tax Act without specifying the limb under which penalty proceedings has been initiated is bad-in-law. Accordingly, question is answered in favour of respondent/assessee.

Facts- The appeal is preferred by the assessee / respondent against the separate orders dated 24.09.2013 of the CIT (Appeals)-VI, Bengaluru for the Assessment Year 2006-07 confirming the penalty levied under Section 271(1)(c) of the Incom

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