Penalty u/s. 270A not leviable as order & notice failed to specify applicable limb

DCIT Vs Chakradhar Contractors And Engineers Private Limited (ITAT Pune)

ITAT Pune held that penalty under section 270A is not leviable since neither the assessment order nor the notice issued u/sec.274 r.w.s.270A the Assessing Officer has specified the limb under which the case of the assessee falls.

Facts- The assessee is a company engaged in the business of construction. The case of the assessee was selected for complete scrutiny under CASS. The Assessing Officer completed the assessment determining the total income of the assessee at Rs.32,18,44,630/- by

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