https://www.taxtmi.com/caselaws?id=470043 A penalty notice under Section 274 read with Section 271(1)(c) must identify whether the allegation is concealment of income or furnishing inaccurate particulars of income. Retaining both charges without striking out the inapplicable one leaves the assessee uncertain about the case to be answered and fails the requirement of a specific notice. The notes state that such vagueness makes the penalty proceedings legally unsustainable, resulting in quashing of the proceedings without examining the merits of the penalty. 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 A penalty notice under Section 274 read with Section 271(1)(c) must identify whether the allegation is concealment of income or furnishing inaccurate particulars of income. Retaining both charges without striking out the inapplicable one leaves the assessee uncertain about the case to be answered and fails the requirement of a specific notice. The notes state that such vagueness makes the penalty proceedings legally unsustainable, resulting in quashing of the proceedings without examining the merits of the penalty. Case-Laws Income Tax Thu, 22 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470043