In the result, grounds of appeal raised by the assessee are allowed
Bench: Shri Dr. A. L. Sainiआयकर अपील सं./Ita No.580/Srt/2023 Assessment Year: (2013-14) (Physical Hearing) Yash Bhupeshbhai Tamakuwala, Vs. The Ito, 1/208, Kharadi Sheri, Nanpura, Ward- 1(2)(6), Surat – 395001. Surat "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Ajypt3602P (Appellant) (Respondent)
u/s 271(1)(c) of the Act, it is the duty of the Assessing Officer, to inform the assessee, by way of issuing notice, that on what account, he is going to penalize the assessee, whether on account of “concealment of income” or on account of “furnishing inaccurate particulars of income”. Therefore, I note that penalty notice is defective; hence