ITAT Quashes Penalty for Defective Notice Issued Under Section 274 r.w.s. 271(1)(c)

Late Mr. Davinder Kumar Vs DCIT (ITAT Delhi) The appeals filed by the assessee, Late Mr. Davinder Kumar, challenge the orders of the Commissioner of Income Tax (Appeals)-29, New Delhi, for assessment years (AYs) 2008-09 to 2011-12, confirming penalties levied under Section 271(1)(c) of the Income Tax Act, 1961. All four orders were issued on 30 November 2023. The penalty in question pertains to alleged concealment of income or furnishing inaccurate particulars of income. For AY 2008-09, the penalty of ₹8,36,195 was initially imposed by the Assessing Officer (AO) on 21 August 2014. The CIT(A)...