https://www.taxtmi.com/caselaws?id=338212 HC held for the assessee, ruling that concealment of income and furnishing inaccurate particulars under s.271(1)(c) are distinct breaches and a penalty may only be imposed on the specific ground on which penalty proceedings were initiated and notified to the assessee. The court set aside the penalty imposed on a ground different from the one in the initiation notice, concluding against revenue. en-us Thu, 05 Jan 2017 00:00:00 +0530 Sat, 25 Oct 2025 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338212 HC held for the assessee, ruling that concealment of income and furnishing inaccurate particulars under s.271(1)(c) are distinct breaches and a penalty may only be imposed on the specific ground on which penalty proceedings were initiated and notified to the assessee. The court set aside the penalty imposed on a ground different from the one in the initiation notice, concluding against revenue. Case-Laws Income Tax Thu, 05 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338212