No penalty for disallowance due to dispute on nature of expenses

Ansal Properties & Infrastructure Ltd Vs ACIT (ITAT Delhi)

Penalty not sustainable if penalty notice is omnibus and the charge has not been specified

Assessee has stated that there is no striking off of irrelevant part in the notice u/s 274 rws 271(1) (c). Copy of the notice 274 is attached in paper book at page It is evident that the same is an omnibus notice without identifying the charge by striking off of the limb which is not applicable. In such circumstances, the penalty levied cannot be sustained. For this propositio

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