https://www.taxtmi.com/caselaws?id=792500 Penalty under section 271(1)(c) was held unsustainable where the section 274 notice failed to strike off the inapplicable limb and did not specify whether the charge was concealment of income or furnishing inaccurate particulars. The notice was treated as vague and as showing non-application of mind, because the assessee must be informed of the exact statutory ground through the notice itself. The defect could not be cured by the assessment order or earlier proceedings. Applying strict construction of penal provisions, the penalty proceedings were invalid and the penalty order was quashed. en-us Mon, 27 Apr 2026 00:00:00 +0530 Mon, 01 Jun 2026 10:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792500 Penalty under section 271(1)(c) was held unsustainable where the section 274 notice failed to strike off the inapplicable limb and did not specify whether the charge was concealment of income or furnishing inaccurate particulars. The notice was treated as vague and as showing non-application of mind, because the assessee must be informed of the exact statutory ground through the notice itself. The defect could not be cured by the assessment order or earlier proceedings. Applying strict construction of penal provisions, the penalty proceedings were invalid and the penalty order was quashed. Case-Laws Income Tax Mon, 27 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792500