https://www.taxtmi.com/caselaws?id=783747 A penalty notice under section 274 read with section 271(1)(c) of the Income-tax Act was held defective because it did not strike off either limb, namely concealment of income or furnishing of inaccurate particulars. The charge in penalty proceedings must be clear and unambiguous so the assessee knows the precise allegation to meet. A notice that leaves both limbs open is vague and cannot validly sustain penalty under section 271(1)(c). The penalty based on such notice was quashed in favour of the assessee. en-us Fri, 19 Dec 2025 00:00:00 +0530 Mon, 22 Dec 2025 07:49:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783747 A penalty notice under section 274 read with section 271(1)(c) of the Income-tax Act was held defective because it did not strike off either limb, namely concealment of income or furnishing of inaccurate particulars. The charge in penalty proceedings must be clear and unambiguous so the assessee knows the precise allegation to meet. A notice that leaves both limbs open is vague and cannot validly sustain penalty under section 271(1)(c). The penalty based on such notice was quashed in favour of the assessee. Case-Laws Income Tax Fri, 19 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783747