Levy of penalty u/s 271(1)(c) of the Income-tax Act for furnishing of inaccurate particulars of income

Last updated: 10 November 2021

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The Income Tax Appellate Tribunal (ITAT) has allowed an appeal filed by Samal Infra Projects P. Ltd., setting aside a penalty imposed under Section 271(1)(c) of the Income-tax Act. The tribunal found that the notice initiating the penalty proceedings was legally flawed as it did not specify whether the penalty was for concealment of income or furnishing inaccurate particulars. Furthermore, the CIT(A) had modified the grounds for the penalty, indicating a lack of specificity from the Assessing Officer.

Court :
ITAT Delhi

Brief :
This appeals is filed by the assessee against the order dated 21/03/2018 passed by the CIT(A)-1, Noida for Assessment Year 2014-15.

Citation :
ITA No. 3239/DEL/2018 ( A.Y 2014-15)

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1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

BEST VALUE

3 Years PLAN

4999

(Excl. of GST ₹899)

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Attached File : 1442821_4598_1635746148_ita_no_3239_samal_infra.pdf

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Judgement posted by

Poojitha Raam Vinay

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I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

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