ITAT Ahmedabad Deletes Penalty u/s 271(1)(c): Defective SCN & Partial Quantum Relief Fatal to Penalty

Ashalata Kulshrestha Vs DCIT (ITAT Ahmedabad) ITAT Ahmedabad Deletes Penalty u/s 271(1)(c): Defective Show Cause Notice and Partial Quantum Relief Fatal to Penalty The Ahmedabad Bench “A” of the ITAT allowed the assessee’s appeal for AY 2016-17 and deleted the penalty of ₹78.97 lakh levied under section 271(1)(c). The Tribunal held that the penalty proceedings were vitiated because the Assessing Officer failed to specify the exact charge—whether for “concealment of income” or “furnishing inaccurate particulars”—in the show cause notice dated 29.04.2019 as well as in the pen...