ITAT INDORE on 5th Feb, 2020 held that when the penalty notice issued by the assessing officer did not specify Which limb of section of the Act, the penalty proceedings had been initiated i.e., Whether for concealment of particulars of income or furnishing of inaccurate particulars of income or to say the matter written in the body of the notice issued under section 274 of the Act does not refer to the charges of provision of section 271AAB of the Act makes the alleged notice defective and invalid and thus deserves to be quashed
