https://www.taxtmi.com/caselaws?id=768690 The SC/Tribunal determined that penalty proceedings under Section 271(1)(c) of Income-tax Act were invalid due to a defective notice. The notice failed to specify whether the penalty was for income concealment or furnishing inaccurate particulars. Relying on precedents, the Tribunal concluded the vague notice violated statutory requirements, thereby quashing the penalty order in favor of the assessee. en-us Wed, 09 Apr 2025 00:00:00 +0530 Fri, 20 Feb 2026 17:22:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768690 The SC/Tribunal determined that penalty proceedings under Section 271(1)(c) of Income-tax Act were invalid due to a defective notice. The notice failed to specify whether the penalty was for income concealment or furnishing inaccurate particulars. Relying on precedents, the Tribunal concluded the vague notice violated statutory requirements, thereby quashing the penalty order in favor of the assessee. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768690