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ITAT Delhi Quashes ₹20.33 Cr Penalty for Invalid Omnibus 271(1)(c) Notice
Case Law Details
- Case Name
- ACIT Vs PHI Seeds Pvt. Ltd. (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2008-09
- Courts
- All ITAT, ITAT Delhi
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ACIT Vs PHI Seeds Pvt. Ltd. (ITAT Delhi)
Omnibus 271(1)(c) Notice Without Specific Charge Held Invalid- ITAT Delhi Quashes ₹20.33 Cr Penalty for Defective Notice; Concealment vs. Inaccurate Particulars: ITAT Voids Penalty for Lack of Specificity in Notice
Delhi ITAT dismissed Revenue’s appeals & upheld CIT(A)’s order deleting penalty of ₹20.33 crore imposed for A.Ys. 2008-09 & 2009-10, holding that the penalty notices issued u/s 271(1)(c) were invalid as they failed to specify whether the charge was for “concealment of income” or “furnishing inaccurate particulars.”
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