Facts of the Case
The Revenue filed an appeal under Section 260A challenging the
order dated 28.06.2022 passed by the Income Tax Appellate Tribunal in ITA No.
896/Del/2015, whereby the Tribunal allowed the assessee’s appeals relating to
Assessment Years 2002–03 to 2004–05. The present appeal before the High Court
was confined to Assessment Year 2004–05.
For AY 2004–05, the Assessing Officer made additions on
account of unsecured loans and initiated penalty proceedings under Section
271(1)(c). A penalty order was subsequently passed holding that the assessee
had concealed income. The Tribunal deleted the penalty on the ground that the
notice issued under Section 274 read with Section 271(1)(c) was defective, as
it did not clearly specify whether the penalty was for concealment of income or
for furnishing inaccurate particulars.
Issues Involved
Whether penalty under Section 271(1)(c) could be sustained
when the statutory notice under Section 274 did not specify the exact charge,
whether a finding in the assessment order could cure such defect in the penalty
notice, and whether the Revenue’s appeal raised any substantial question of
law.
Appellant’s Arguments
The Revenue contended that the assessment order clearly
recorded the Assessing Officer’s satisfaction that the assessee had concealed
income, and therefore it was evident that the penalty proceedings were
initiated for concealment. It was argued that mere non-striking off of the
irrelevant portion in the notice should not invalidate the penalty proceedings.
Respondent’s Arguments
The assessee submitted that the notice dated 28.12.2011 issued
under Section 274 was an omnibus notice mentioning both “concealment of income”
and “furnishing inaccurate particulars of income” without striking off the
inapplicable limb. It was argued that such a vague notice violated principles
of natural justice, as the assessee was not informed of the precise charge it
had to meet. Reliance was placed on binding precedents including Manjunatha
Cotton and Ginning Factory, SSA’s Emerald Meadows, and Sahara India Life
Insurance Co. Ltd.
Court Order / Findings
The Delhi High Court examined the notice dated 28.12.2011 and
observed that it was not confined to a specific charge. The notice
simultaneously referred to concealment of income and furnishing inaccurate
particulars, without striking off the irrelevant portion or indicating the
precise ground for penalty. The Court held that such a notice was defective and
suffered from vagueness.
The Court agreed with the Tribunal’s reliance on settled
jurisprudence holding that penalty proceedings are vitiated if the assessee is
not clearly informed of the charge through the statutory notice. The Court
further held that a finding recorded in the assessment order cannot cure a
defect in the penalty notice. It concluded that no substantial question of law
arose for consideration.
Additionally, the Court noted that the appeal was accompanied
by an application seeking condonation of delay of 1100 days in re-filing, for
which no justifiable explanation was provided.
Important Clarification
The Court clarified that for valid initiation of penalty under
Section 271(1)(c), the notice under Section 274 must clearly and unambiguously
specify whether the penalty is proposed for concealment of income or for
furnishing inaccurate particulars. An omnibus or vague notice renders the
penalty proceedings unsustainable in law.
Final Outcome
The appeal filed by the Revenue was dismissed. The Delhi High
Court upheld the ITAT’s order deleting the penalty under Section 271(1)(c) for
Assessment Year 2004–05 due to a defective notice under Section 274, and also
dismissed the appeal on the ground of unexplained delay in re-filing.
Link to download the order - https://www.mytaxexpert.co.in/uploads/1769503503_PR.COMMISSIONEROFINCOMETAXCENTRAL1VsCHETANGUPTA.pdf
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