https://www.taxtmi.com/caselaws?id=399866 Penalty notices under section 274 must specify the exact charge, because concealment of income and furnishing inaccurate particulars of income are distinct allegations. A notice that does not strike off the inapplicable limb is vague, offends natural justice, and reflects non-application of mind. Such a defect is not cured by section 292B. The same requirement applies to penalty proceedings under section 271AAB, as section 274 governs the notice framework for that penalty as well. On that basis, invalid notices could not sustain the penalties, and cancellation of the penalties was warranted. en-us Mon, 19 Oct 2020 00:00:00 +0530 Wed, 21 Oct 2020 18:00:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399866 Penalty notices under section 274 must specify the exact charge, because concealment of income and furnishing inaccurate particulars of income are distinct allegations. A notice that does not strike off the inapplicable limb is vague, offends natural justice, and reflects non-application of mind. Such a defect is not cured by section 292B. The same requirement applies to penalty proceedings under section 271AAB, as section 274 governs the notice framework for that penalty as well. On that basis, invalid notices could not sustain the penalties, and cancellation of the penalties was warranted. Case-Laws Income Tax Mon, 19 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399866