https://www.taxtmi.com/caselaws?id=440417 The HC set aside the penalty under section 271(1)(c), holding that the AO's penalty notice failed to state which limb-concealment of income or furnishing inaccurate particulars-was invoked. Because the AO must record prima facie satisfaction in the notice identifying the applicable limb, the penalty order could not be sustained. The court observed the two limbs carry different consequences and penalty quantum, so proper classification in the notice is mandatory; absent that, the penalty is invalid. en-us Thu, 06 Jul 2023 00:00:00 +0530 Sat, 23 Aug 2025 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440417 The HC set aside the penalty under section 271(1)(c), holding that the AO's penalty notice failed to state which limb-concealment of income or furnishing inaccurate particulars-was invoked. Because the AO must record prima facie satisfaction in the notice identifying the applicable limb, the penalty order could not be sustained. The court observed the two limbs carry different consequences and penalty quantum, so proper classification in the notice is mandatory; absent that, the penalty is invalid. Case-Laws Income Tax Thu, 06 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440417