https://www.taxtmi.com/caselaws?id=785949 Penalty proceedings under section 271(1)(c) require the revenue to specify which limb--concealment of income or furnishing inaccurate particulars--is alleged; failure to plead the specific material ingredients renders the notice defective and vitiates the penal proceedings. The tribunal criticised issuance of a bare-section notice without express averments of either concealment or inaccurate particulars, reasoning that penalty carries civil consequences beyond tax and thus demands clear, particularised charges at the notice stage; on that basis the penalty was held unsustainable in the reported decision. en-us Fri, 16 Jan 2026 00:00:00 +0530 Tue, 03 Feb 2026 08:39:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785949 Penalty proceedings under section 271(1)(c) require the revenue to specify which limb--concealment of income or furnishing inaccurate particulars--is alleged; failure to plead the specific material ingredients renders the notice defective and vitiates the penal proceedings. The tribunal criticised issuance of a bare-section notice without express averments of either concealment or inaccurate particulars, reasoning that penalty carries civil consequences beyond tax and thus demands clear, particularised charges at the notice stage; on that basis the penalty was held unsustainable in the reported decision. Case-Laws Income Tax Fri, 16 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785949