Penalty Notice not Containing Categorical Indication of Furnishing Inaccurate Particulars or Concealment of Particular of Income is invalid

DCIT Vs. Minerals Managements Services India Pvt. Ltd (ITAT Delhi)

It is submitted on behalf of the assessee that the ld. CIT(A) has failed to appreciate that the notice dated 25.02.2013 issued u/s 274 r.w.s.271(1)(c) of the Act is not legally sustainable as it is not disclosed as to if the notice is issued for furnishing inaccurate particulars or concealment of particular income. It was contended that it is now settled proposition of law that the notice has to give with categoric indication as to for which specific violatio

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