https://www.taxtmi.com/caselaws?id=760143 A penalty notice under section 274 was treated as invalid because it did not specify whether the charge was concealment of income or furnishing inaccurate particulars of income. The omission left the assessee without clear notice of the exact allegation, making the notice omnibus and vague. The defect was treated as jurisdictional and could not be cured by references in the assessment order or penalty order. Applying the cited precedents, the penalty sustained on that notice could not stand and was deleted. en-us Wed, 09 Oct 2024 00:00:00 +0530 Wed, 16 Oct 2024 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760143 A penalty notice under section 274 was treated as invalid because it did not specify whether the charge was concealment of income or furnishing inaccurate particulars of income. The omission left the assessee without clear notice of the exact allegation, making the notice omnibus and vague. The defect was treated as jurisdictional and could not be cured by references in the assessment order or penalty order. Applying the cited precedents, the penalty sustained on that notice could not stand and was deleted. Case-Laws Income Tax Wed, 09 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760143