https://www.taxtmi.com/caselaws?id=469506 Penalty under section 271(1)(c) was considered unsustainable where the notice did not strike off the inapplicable limb and failed to specify whether the allegation was concealment of income or furnishing inaccurate particulars. That defect was treated as non-application of mind and as vitiating the foundation of the penalty proceedings. The text also notes that a penalty is not attracted where the underlying claim turns only on a debatable interpretation and no clear concealment or furnishing of inaccurate particulars is shown. On that basis, the penalty was held liable to be deleted. en-us Fri, 07 Mar 2025 00:00:00 +0530 Fri, 19 Jun 2026 19:55:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469506 Penalty under section 271(1)(c) was considered unsustainable where the notice did not strike off the inapplicable limb and failed to specify whether the allegation was concealment of income or furnishing inaccurate particulars. That defect was treated as non-application of mind and as vitiating the foundation of the penalty proceedings. The text also notes that a penalty is not attracted where the underlying claim turns only on a debatable interpretation and no clear concealment or furnishing of inaccurate particulars is shown. On that basis, the penalty was held liable to be deleted. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469506