Notice u/s 274 should specify Grounds of Imposition of Penalty

Brief of the Case

In the case Shri B L Dasraj Urs Vs. ITO the Hon’ble Bangalore ITAT held that show cause notice u/s 274 is defective if it does not spell out the grounds on which penalty is sought to be imposed.

Facts of the Case

The assessee is an individual engaged in the business of manufacturing of office stationery products. A Survey was conducted u/s.133A of the Act in

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