https://www.taxtmi.com/caselaws?id=449888 A penalty notice under section 274 read with section 271(1)(c) must specify the precise charge, namely concealment of income or furnishing inaccurate particulars. An omnibus or vague notice that does not inform the assessee of the exact default is fatal to the penalty proceedings, and the defect is treated as incurable. On that basis, the penalty was held unsustainable and deleted. en-us Mon, 19 Feb 2024 00:00:00 +0530 Wed, 21 Feb 2024 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449888 A penalty notice under section 274 read with section 271(1)(c) must specify the precise charge, namely concealment of income or furnishing inaccurate particulars. An omnibus or vague notice that does not inform the assessee of the exact default is fatal to the penalty proceedings, and the defect is treated as incurable. On that basis, the penalty was held unsustainable and deleted. Case-Laws Income Tax Mon, 19 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449888