https://www.taxtmi.com/caselaws?id=470043 Penalty proceedings under Section 271(1)(c) require a notice under Section 274 that clearly identifies whether the alleged default is concealment of income or furnishing inaccurate particulars. Retaining both statutory charges without striking out the inapplicable charge leaves the assessee uncertain about the allegation requiring a response. Such vague notice fails the requirement of specificity, renders the penalty proceedings legally unsustainable, and results in their quashing without examination of the penalty's merits. en-us Thu, 22 Jun 2023 00:00:00 +0530 Tue, 14 Jul 2026 15:27:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470043 Penalty proceedings under Section 271(1)(c) require a notice under Section 274 that clearly identifies whether the alleged default is concealment of income or furnishing inaccurate particulars. Retaining both statutory charges without striking out the inapplicable charge leaves the assessee uncertain about the allegation requiring a response. Such vague notice fails the requirement of specificity, renders the penalty proceedings legally unsustainable, and results in their quashing without examination of the penalty's merits. Case-Laws Income Tax Thu, 22 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470043