https://www.taxtmi.com/caselaws?id=405737 A penalty under section 271(1)(c) was held unsustainable because the section 274 notice did not specify whether the charge was concealment of income or furnishing inaccurate particulars. The omission to identify the exact limb of the penalty provision made the notice invalid and vitiated the penalty proceedings. Applying the settled view on penalty notices, the defect in the charge rendered the penalty not leviable and it was cancelled. en-us Thu, 25 Mar 2021 00:00:00 +0530 Thu, 25 Mar 2021 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405737 A penalty under section 271(1)(c) was held unsustainable because the section 274 notice did not specify whether the charge was concealment of income or furnishing inaccurate particulars. The omission to identify the exact limb of the penalty provision made the notice invalid and vitiated the penalty proceedings. Applying the settled view on penalty notices, the defect in the charge rendered the penalty not leviable and it was cancelled. Case-Laws Income Tax Thu, 25 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405737