https://www.taxtmi.com/caselaws?id=778812 Penalty under section 271(1)(c) requires a clear notice specifying whether the charge is concealment of income or furnishing of inaccurate particulars. Where the notice leaves both limbs intact and fails to strike off the inapplicable portion, the assessee is not properly informed of the exact allegation, and the defect is not cured by the assessment or penalty order. On that basis, the penalty notice was held defective and the penalty could not be sustained. en-us Tue, 21 Jan 2025 00:00:00 +0530 Tue, 23 Sep 2025 08:29:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778812 Penalty under section 271(1)(c) requires a clear notice specifying whether the charge is concealment of income or furnishing of inaccurate particulars. Where the notice leaves both limbs intact and fails to strike off the inapplicable portion, the assessee is not properly informed of the exact allegation, and the defect is not cured by the assessment or penalty order. On that basis, the penalty notice was held defective and the penalty could not be sustained. Case-Laws Income Tax Tue, 21 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778812