Penalty notice u/s 271(1)(c) without specifying exact limb is bad-in-law

Manisha Jain Vs ITO (ITAT Delhi) ITAT Delhi held that notice issued initiating the penalty proceeding without specifying the limb of section 271(1)(c) of the Income Tax Act is bad-in-law and liable to be quashed. Facts- The present appeal is filed by the assessee against order of CIT(A) sustaining the penalty levied under section 271(1)(c) of the Income Tax Act. Assessee mainly contested that the penalty order is bad in law as the penalty proceedings were initiated and penalty was levied without specifying the exact limb of Section 271 (1 )(c) of the Act. Conclusion- Hon’ble jurisdictional H...