Section 271(1)(c) Penalty proceedings not sustainable if not specifies Limb

Balaji Telefilms Limited Vs. DCIT (ITAT Mumbai)

The issue under consideration is whether the penalty proceedings u/s 271(1)(c) without specifying the limb will be sustain under law?

ITAT states that, it has been held by Hon’ble Court that the notice would have to specifically state the ground mentioned in Section 271(1)(c)Please become a Premium member. If you are already a Premium member, login here to access the full content.