https://www.taxtmi.com/caselaws?id=768682 The ITAT Indore ruled in favor of the assessee in penalty proceedings under Section 271(1)(c). The tribunal held that revenue authorities failed to specify the clear charge in the penalty notice, merely citing the bare section without indicating whether the case involved concealment of income particulars or furnishing inaccurate particulars. The court emphasized that penalty proceedings have serious civil consequences and require authorities to expressly state material ingredients at the notice stage. The failure to specify either charge vitiated the entire penal proceedings against the assessee. en-us Mon, 07 Apr 2025 00:00:00 +0530 Fri, 11 Apr 2025 08:40:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768682 The ITAT Indore ruled in favor of the assessee in penalty proceedings under Section 271(1)(c). The tribunal held that revenue authorities failed to specify the clear charge in the penalty notice, merely citing the bare section without indicating whether the case involved concealment of income particulars or furnishing inaccurate particulars. The court emphasized that penalty proceedings have serious civil consequences and require authorities to expressly state material ingredients at the notice stage. The failure to specify either charge vitiated the entire penal proceedings against the assessee. Case-Laws Income Tax Mon, 07 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768682