https://www.taxtmi.com/caselaws?id=767844 The HC held that penalty proceedings u/s 271(1)(c) were invalid due to defective show cause notice u/s 274. Following Karnataka HC precedents, the court found that the notice failed to specify whether the charge was for concealment of income particulars or furnishing inaccurate particulars. Since the notice left all relevant columns blank without furnishing particulars, it was deemed bad in law, vitiating the entire penalty proceedings. The matter was decided in favor of the assessee. en-us Wed, 19 Mar 2025 00:00:00 +0530 Thu, 23 Jul 2026 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767844 The HC held that penalty proceedings u/s 271(1)(c) were invalid due to defective show cause notice u/s 274. Following Karnataka HC precedents, the court found that the notice failed to specify whether the charge was for concealment of income particulars or furnishing inaccurate particulars. Since the notice left all relevant columns blank without furnishing particulars, it was deemed bad in law, vitiating the entire penalty proceedings. The matter was decided in favor of the assessee. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767844