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Income Tax

Penalty Quashed Due to Vague Show-Cause Notice

Case Law Details

Case Name
Keshav Kumar Nachani Vs DCIT (ITAT Indore)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2009-10
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Keshav Kumar Nachani Vs DCIT (ITAT Indore) No Limb, No Penalty: Defective 274 Notices Sink Revenue’s Case- Assessee Wins on Defective Notice; Loses One Year on 562-Day Delay Assessee filed three appeals challenging penalties u/s 271(1)(c) imposed following a search u/s 132 on 25.11.2010. Assessments for AYs 2009-10 & 2010-11 were completed u/s 153A r.w.s. 143(3) & AY 2012-13 u/s 143(3), with additions leading to penalties of Rs.51.46 lakh, Rs.4.54 lakh & Rs.4.94 lakh respectively. Assessee produced copies of show-cause notices u/s 274 placed in the Paper Books. The notices clearl...
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,641

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2 Comments
  1. How I can avail your services in connection with ONGOING REASSEMENT , PENALTY NOTICES & QUASHED ASSESSMENT ORDERS U/S 144 & PENALTIES U/S 271(1) (b) & ongoing S.C.NOTICE U/S 271(1)C. ITR to file
    if called for.

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