Defective Penalty Notice Invalidates Section 271(1)(c) Penalty: ITAT Delhi

Jayco Promoters & Developers Pvt. Ltd. Vs ITO (ITAT Delhi)

Defective Penalty Notice Invalidates Section 271(1)(c) Penalty: ITAT Delhi Follows Jurisdictional High Court

The Delhi Bench of the ITAT deleted the penalty levied under section 271(1)(c) for AY 2007-08 on the ground that the penalty notice issued under section 274 was fundamentally defective. The Tribunal found that the Assessing Officer failed to strike off the inapplicable p

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