https://www.taxtmi.com/caselaws?id=778400 Penalty under section 271(1)(c) is unsustainable where the Assessing Officer records satisfaction for concealment of income but ultimately levies penalty for furnishing inaccurate particulars. The recorded charge at initiation must match the charge adopted in the penalty order, and a shift between the two limbs creates a fundamental ambiguity that vitiates the proceedings. On that basis, the penalty was set aside in favour of the assessee. en-us Thu, 16 Jan 2025 00:00:00 +0530 Tue, 16 Sep 2025 09:02:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778400 Penalty under section 271(1)(c) is unsustainable where the Assessing Officer records satisfaction for concealment of income but ultimately levies penalty for furnishing inaccurate particulars. The recorded charge at initiation must match the charge adopted in the penalty order, and a shift between the two limbs creates a fundamental ambiguity that vitiates the proceedings. On that basis, the penalty was set aside in favour of the assessee. Case-Laws Income Tax Thu, 16 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778400