https://www.taxtmi.com/caselaws?id=468060 Penalty under section 271(1)(c) of the Income-tax Act was held unsustainable where the Assessing Officer's recorded satisfaction at initiation referred only to furnishing inaccurate particulars, but the penalty order also invoked concealment. The legal principle applied was that penalty proceedings must remain confined to the specific charge for which satisfaction was recorded and notice was issued. Because the final penalty order travelled beyond the original basis of initiation by adding a different ground, the proceedings were held to suffer from legal infirmity and were set aside, with consequential relief to the assessee. en-us Tue, 05 Nov 2019 00:00:00 +0530 Wed, 15 Apr 2026 12:40:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468060 Penalty under section 271(1)(c) of the Income-tax Act was held unsustainable where the Assessing Officer's recorded satisfaction at initiation referred only to furnishing inaccurate particulars, but the penalty order also invoked concealment. The legal principle applied was that penalty proceedings must remain confined to the specific charge for which satisfaction was recorded and notice was issued. Because the final penalty order travelled beyond the original basis of initiation by adding a different ground, the proceedings were held to suffer from legal infirmity and were set aside, with consequential relief to the assessee. Case-Laws Income Tax Tue, 05 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468060