Sec. 271(1)(c) of the Income-tax Act, 1961 - Penalty – Revenue challenged the order of Tribunal in deleting the penalty levied u/s. 271(1)(c) of IT Act, 1961. If the notice is issued in the printed form, then, the necessary portions which are not applicable are required to be struck off, so as to indicate with clarity the nature of the satisfaction recorded. It is apparent that the relevant portions have not been struck off in the present case. High Court dismissed the Appeal of the revenue holding that ”the notice in the present case is itself is defective and further; there is no finding or satisfaction recorded in relation to concealment or furnishing of inaccurate particulars“. - PR. CIT V/s GOA COASTAL RESORTS AND RECREATION (P.) LTD. - [2020] 272 TAXMAN 157 (BOM)