Validity of penalty proceedings under Income-tax Act
Validity of penalty proceedings under Income-tax Act The Hyderabad Bench of the Income-tax Appellate Tribunals held that since the Assessing Officer (AO) did not mention whether the notice issued was for concealment of income or for furnishing of inaccurate particulars of income, the notice issued by the AO under Section 274 read with Section 271(1)(c)… Read More »