https://www.taxtmi.com/caselaws?id=469112 A penalty under section 271(1)(c) of the Income-tax Act was found unsustainable because the section 274 notice did not clearly specify whether the charge was concealment of income or furnishing of inaccurate particulars. By failing to strike off the inapplicable limb, the notice did not give the assessee a clear and unambiguous allegation, which impaired the defence and went to the root of the penalty proceedings. Applying the settled view that a vague notice under section 274 invalidates such proceedings, the Tribunal held the penalty bad in law and directed deletion in favour of the assessee. en-us Fri, 28 Mar 2025 00:00:00 +0530 Tue, 02 Jun 2026 21:23:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469112 A penalty under section 271(1)(c) of the Income-tax Act was found unsustainable because the section 274 notice did not clearly specify whether the charge was concealment of income or furnishing of inaccurate particulars. By failing to strike off the inapplicable limb, the notice did not give the assessee a clear and unambiguous allegation, which impaired the defence and went to the root of the penalty proceedings. Applying the settled view that a vague notice under section 274 invalidates such proceedings, the Tribunal held the penalty bad in law and directed deletion in favour of the assessee. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469112