Tag Archives: Penalty for Concealment of Income

No Penalty as Show Cause Notice issued in Casual manner : ITAT

By | May 6, 2019

A bare reading of the above notice suggests that the notice has been issued in a casual fashion. The Assessing officer has not applied his mind and no specific charge is mentioned for which the assessee was required to be show caused. In absence of the requisite contents of specific charge the initiation of proceedings… Read More »