https://www.taxtmi.com/caselaws?id=467480 A show cause notice invoking penalty must specify which alternative allegation is pursued; where a notice under Section 274 read with Section 271(1)(c) leaves both concealment and inaccurate particulars unstruck, it demonstrates lack of decisive application of mind and fails for want of a clear specific charge. The legal effect is that penalty proceedings cannot be sustained on such defective notice, resulting in quashing of the penalty and reversal of the confirming order in favour of the assessee. en-us Fri, 03 Nov 2023 00:00:00 +0530 Tue, 24 Mar 2026 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467480 A show cause notice invoking penalty must specify which alternative allegation is pursued; where a notice under Section 274 read with Section 271(1)(c) leaves both concealment and inaccurate particulars unstruck, it demonstrates lack of decisive application of mind and fails for want of a clear specific charge. The legal effect is that penalty proceedings cannot be sustained on such defective notice, resulting in quashing of the penalty and reversal of the confirming order in favour of the assessee. Case-Laws Income Tax Fri, 03 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467480