HC Quashes 300% Penalty for Lack of Clear Violation Indication

PCIT Vs Gopal Kumar Goyal (Delhi High Court)

Introduction: The Delhi High Court recently passed a notable judgement in the case of PCLT Vs Gopal Kumar Goyal, shedding light on the requirements of a penalty order under Section 271(1)(c) of the Income Tax Act, 1961. The court quashed a 300% penalty levied by the Assessing Officer (AO) due to lack of clarity in the notice about whether the respondent concealed income or furnished inaccurate particulars.

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