Levy of penalty is not warranted in case of Vague Charges

Zaheer Abdulhamid Mulani Vs ITO (ITAT Pune)

The sanctity in terms of natural justice with regard to this proposition is that the assessee under the scheme of welfare legislation which is embedded in the Income Tax Act, 1961 should get an opportunity to prepare himself for the defense as regards to the exact charge on which penalty is imposed upon him u/s. 271(1)(c) of the Act. In the inst

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