https://www.taxtmi.com/caselaws?id=761504 Penalty under section 271(1)(c) was unsustainable where the section 274 notice failed to specify whether the charge was concealment of income or furnishing inaccurate particulars. The omission to strike off the irrelevant limb was treated as a fatal jurisdictional defect because the assessee was not informed of the exact default alleged. The defect could not be cured by the assessment order or the penalty order, and an omnibus notice was held void for vagueness. The penalty was therefore deleted. en-us Tue, 22 Oct 2024 00:00:00 +0530 Tue, 12 Nov 2024 08:52:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761504 Penalty under section 271(1)(c) was unsustainable where the section 274 notice failed to specify whether the charge was concealment of income or furnishing inaccurate particulars. The omission to strike off the irrelevant limb was treated as a fatal jurisdictional defect because the assessee was not informed of the exact default alleged. The defect could not be cured by the assessment order or the penalty order, and an omnibus notice was held void for vagueness. The penalty was therefore deleted. Case-Laws Income Tax Tue, 22 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761504