ITAT delete section 271(1)(b) penalty as Show Cause Notice was vague

Siddarthini Nanda Vs ACIT (ITAT Cuttack)

A perusal of the show cause notice as also the satisfaction recorded by the AO in the assessment order, clearly does not mention the specific notice issued u/s.142(1) of the Act in respect of which non-compliance the penalty has been initiated. A perusal of the assessment order in all the cases shows multiple notices have been issued u/s.142(1) of the Act. This being so, we are of the view that the show cause notice and the satisfaction recorded by the AO in all the cases under consid

Please become a Premium member. If you are already a Premium member, login here to access the full content.