https://www.taxtmi.com/caselaws?id=355316 Penalty under section 271(1)(c) was held unsustainable where the section 274 notice was ambiguous and did not specify whether the charge was concealment of income or furnishing inaccurate particulars. Because the notice retained both limbs without striking off the inapplicable one, the assessee was not put on clear notice of the exact allegation, and the defect went to the root of the penalty proceedings. The penalty order also relied on both grounds. Applying the cited precedents, the penalty was deleted in favour of the assessee. en-us Fri, 02 Feb 2018 00:00:00 +0530 Mon, 12 Feb 2018 14:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355316 Penalty under section 271(1)(c) was held unsustainable where the section 274 notice was ambiguous and did not specify whether the charge was concealment of income or furnishing inaccurate particulars. Because the notice retained both limbs without striking off the inapplicable one, the assessee was not put on clear notice of the exact allegation, and the defect went to the root of the penalty proceedings. The penalty order also relied on both grounds. Applying the cited precedents, the penalty was deleted in favour of the assessee. Case-Laws Income Tax Fri, 02 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355316