S. 271(1)(c) Penalty cannot be invoked without Specifying Exact Charge

Jumbo Electronics Corp. Pvt. Ltd. Vs. DCIT (ITAT Mumbai)

The impugned penalty order certainly gives an impression that the Assessing Officer himself was not sure which limb of section 271(1)(c) is applicable to the assessee. In any case of the matter, non mentioning of particular limb for which the Assessing Officer has imposed penalty under Please become a Premium member. If you are already a Premium member, login here to access the full content.