https://www.taxtmi.com/caselaws?id=411853 A penalty notice under Section 274 read with Section 271(1)(c) of the Income-tax Act is invalid if it does not specify whether the alleged default is concealment of income or furnishing inaccurate particulars. A vague and ambiguous notice fails to give the assessee a clear charge and prevents an effective defence. On that basis, the defective initiation of penalty proceedings renders the consequential penalty unsustainable. en-us Thu, 02 Sep 2021 00:00:00 +0530 Sat, 04 Sep 2021 08:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411853 A penalty notice under Section 274 read with Section 271(1)(c) of the Income-tax Act is invalid if it does not specify whether the alleged default is concealment of income or furnishing inaccurate particulars. A vague and ambiguous notice fails to give the assessee a clear charge and prevents an effective defence. On that basis, the defective initiation of penalty proceedings renders the consequential penalty unsustainable. Case-Laws Income Tax Thu, 02 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411853