https://www.taxtmi.com/caselaws?id=470313 A penalty for concealment of income requires a valid notice that clearly identifies whether the charge is concealment of income or furnishing inaccurate particulars. The notes state that the foundational notice referred to both statutory limbs without specifying the applicable charge, and a subsequent notice did not cure that defect because the penalty order was made before the response period under that notice expired. Clear satisfaction and a specific notice are therefore presented as indispensable requirements for penalty proceedings, resulting in deletion of the penalty. en-us Thu, 05 Feb 2026 00:00:00 +0530 Wed, 22 Jul 2026 20:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470313 A penalty for concealment of income requires a valid notice that clearly identifies whether the charge is concealment of income or furnishing inaccurate particulars. The notes state that the foundational notice referred to both statutory limbs without specifying the applicable charge, and a subsequent notice did not cure that defect because the penalty order was made before the response period under that notice expired. Clear satisfaction and a specific notice are therefore presented as indispensable requirements for penalty proceedings, resulting in deletion of the penalty. Case-Laws Income Tax Thu, 05 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470313