Penalty Cannot Be Imposed Based on Vague Cyclostyled Notice Lacking Specific Grounds
Penalty Cannot Be Imposed Based on Vague Cyclostyled Notice Lacking Specific Grounds Issue Whether a penalty under Section 271(1)(c) of the Income-tax Act, 1961 can be validly imposed based on a cyclostyled show cause notice where irrelevant options were not struck off, making the notice vague and incapable of a proper response. Facts The Assessing… Read More »