https://www.taxtmi.com/caselaws?id=785164 Penalty under section 271(1)(c) was held invalid where the penalty notice failed to specify whether proceedings were based on concealment of income or furnishing inaccurate particulars; defective notice that does not clearly identify the limb relied upon vitiates the penalty proceedings and leads to deletion of the penalty. A mere inclusion of irrelevant matter without striking it off amounts to a material defect. Precedential authorities applying the requirement of clear specification were relied upon, resulting in allowance of the assessees appeal and removal of the penalty. en-us Thu, 15 Jan 2026 00:00:00 +0530 Mon, 19 Jan 2026 07:36:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785164 Penalty under section 271(1)(c) was held invalid where the penalty notice failed to specify whether proceedings were based on concealment of income or furnishing inaccurate particulars; defective notice that does not clearly identify the limb relied upon vitiates the penalty proceedings and leads to deletion of the penalty. A mere inclusion of irrelevant matter without striking it off amounts to a material defect. Precedential authorities applying the requirement of clear specification were relied upon, resulting in allowance of the assessees appeal and removal of the penalty. Case-Laws Income Tax Thu, 15 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785164