https://www.taxtmi.com/caselaws?id=768690 A penalty notice under section 274 read with section 271(1)(c) was invalid because it did not specify whether the allegation was concealment of income or furnishing inaccurate particulars of income. The failure to strike off the irrelevant limb was treated as a jurisdictional defect, since the assessee must be informed of the exact charge in the statutory notice itself. References in the assessment order or penalty order could not cure the defect. The omnibus notice was therefore held vague and unsustainable, and the penalty was deleted in favour of the assessee. en-us Wed, 09 Apr 2025 00:00:00 +0530 Fri, 11 Apr 2025 08:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768690 A penalty notice under section 274 read with section 271(1)(c) was invalid because it did not specify whether the allegation was concealment of income or furnishing inaccurate particulars of income. The failure to strike off the irrelevant limb was treated as a jurisdictional defect, since the assessee must be informed of the exact charge in the statutory notice itself. References in the assessment order or penalty order could not cure the defect. The omnibus notice was therefore held vague and unsustainable, and the penalty was deleted in favour of the assessee. Case-Laws Income Tax Wed, 09 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768690