https://www.taxtmi.com/caselaws?id=795189 A penalty notice under Section 274 that uses "or" between concealment of income and furnishing inaccurate particulars, without identifying the specific charge under Section 271(1)(c), fails to provide clear notice of the allegation. The notes state that this defect indicates no definite satisfaction regarding the applicable statutory limb and vitiates the penalty proceedings. Applying strict construction of penal provisions and the jurisdictional Full Bench ruling, the penalty was deleted; a Revenue precedent was distinguished on its exceptional delay-related facts. en-us Fri, 13 Mar 2026 00:00:00 +0530 Sat, 18 Jul 2026 08:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795189 A penalty notice under Section 274 that uses "or" between concealment of income and furnishing inaccurate particulars, without identifying the specific charge under Section 271(1)(c), fails to provide clear notice of the allegation. The notes state that this defect indicates no definite satisfaction regarding the applicable statutory limb and vitiates the penalty proceedings. Applying strict construction of penal provisions and the jurisdictional Full Bench ruling, the penalty was deleted; a Revenue precedent was distinguished on its exceptional delay-related facts. Case-Laws Income Tax Fri, 13 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795189