https://www.taxtmi.com/caselaws?id=378507 A penalty notice under section 274 read with section 271(1)(c) must specify whether the charge is concealment of income or furnishing of inaccurate particulars. Where the Assessing Officer fails to strike off the inapplicable limb and the assessment order also leaves the allegation ambiguous, the assessee is not given an unequivocal basis to defend the penalty proceedings. A notice that clubs both limbs together is defective and invalid. On this basis, the penalty was quashed. en-us Fri, 05 Apr 2019 00:00:00 +0530 Wed, 17 Apr 2019 15:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378507 A penalty notice under section 274 read with section 271(1)(c) must specify whether the charge is concealment of income or furnishing of inaccurate particulars. Where the Assessing Officer fails to strike off the inapplicable limb and the assessment order also leaves the allegation ambiguous, the assessee is not given an unequivocal basis to defend the penalty proceedings. A notice that clubs both limbs together is defective and invalid. On this basis, the penalty was quashed. Case-Laws Income Tax Fri, 05 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378507