https://www.taxtmi.com/caselaws?id=775855 The ITAT Kolkata held that the penalty notice issued under section 274 read with section 271(1)(c) was invalid as the AO failed to specify or strike off irrelevant limbs, rendering the notice mechanical and without application of mind. Consequently, the penalty order under section 271(1)(c) could not be sustained. The tribunal relied on the Calcutta HC decision in KPC Medical College, which established that a notice lacking clear indication of the relevant charge is invalid. The show-cause notice did not clarify whether the penalty was for concealment of income or furnishing inaccurate particulars, leading to the decision in favor of the assessee. en-us Tue, 29 Jul 2025 00:00:00 +0530 Fri, 01 Aug 2025 08:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775855 The ITAT Kolkata held that the penalty notice issued under section 274 read with section 271(1)(c) was invalid as the AO failed to specify or strike off irrelevant limbs, rendering the notice mechanical and without application of mind. Consequently, the penalty order under section 271(1)(c) could not be sustained. The tribunal relied on the Calcutta HC decision in KPC Medical College, which established that a notice lacking clear indication of the relevant charge is invalid. The show-cause notice did not clarify whether the penalty was for concealment of income or furnishing inaccurate particulars, leading to the decision in favor of the assessee. Case-Laws Income Tax Tue, 29 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775855