Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
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Specific and unambiguous charges are required in penalty proceedings under section 271(1)(c). The note explains that a penalty notice must clearly identify whether the allegation concerns concealment of income or furnishing inaccurate particulars; an Assessing Officer cannot initiate proceedings on one limb and impose penalty on the other. Where the notice lacks a definite charge or the penalty order changes the stated basis, the notice and consequential penalty are unsustainable. On the facts described, the penalty order was quashed and the merits of the penalty were not examined.
Specific and unambiguous charges are required in penalty proceedings under section 271(1)(c). The note explains that a penalty notice must clearly identify whether the allegation concerns concealment of income or furnishing inaccurate particulars; an Assessing Officer cannot initiate proceedings on one limb and impose penalty on the other. Where the notice lacks a definite charge or the penalty order changes the stated basis, the notice and consequential penalty are unsustainable. On the facts described, the penalty order was quashed and the merits of the penalty were not examined.
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