https://www.taxtmi.com/caselaws?id=766424 Penalty under section 271(1)(c) of the Income-tax Act is unsustainable where the section 274 notice does not clearly specify whether the charge is concealment of income or furnishing inaccurate particulars of income. Failure to strike off the inapplicable limb leaves the allegation ambiguous and denies the assessee effective opportunity to meet the charge. On that settled principle, the defective notice vitiates the penalty proceedings and the penalty is deleted. en-us Thu, 20 Feb 2025 00:00:00 +0530 Tue, 25 Feb 2025 08:24:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766424 Penalty under section 271(1)(c) of the Income-tax Act is unsustainable where the section 274 notice does not clearly specify whether the charge is concealment of income or furnishing inaccurate particulars of income. Failure to strike off the inapplicable limb leaves the allegation ambiguous and denies the assessee effective opportunity to meet the charge. On that settled principle, the defective notice vitiates the penalty proceedings and the penalty is deleted. Case-Laws Income Tax Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766424