https://www.taxtmi.com/caselaws?id=352614 ITAT, Kolkata set aside imposition of penalty under s.271(1)(c), holding the show-cause notice issued under s.274 defective for failing to specify whether the charge was concealment of income or furnishing inaccurate particulars. Because the notice did not remove inappropriate wording and thus did not enable the assessee to know the precise accusation or be heard effectively, the penalty could not be sustained. Penalty directed to be cancelled; decision in favour of the assessee. en-us Fri, 01 Dec 2017 00:00:00 +0530 Sat, 27 Sep 2025 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352614 ITAT, Kolkata set aside imposition of penalty under s.271(1)(c), holding the show-cause notice issued under s.274 defective for failing to specify whether the charge was concealment of income or furnishing inaccurate particulars. Because the notice did not remove inappropriate wording and thus did not enable the assessee to know the precise accusation or be heard effectively, the penalty could not be sustained. Penalty directed to be cancelled; decision in favour of the assessee. Case-Laws Income Tax Fri, 01 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352614