https://www.taxtmi.com/caselaws?id=470404 A penalty notice under Section 271(1)(c) must specify whether the proposed charge is concealment of income or furnishing inaccurate particulars, as these are distinct grounds. Invoking both limbs without identifying the applicable charge prevents an effective response and does not demonstrate definite satisfaction. Where both the notice and penalty order use the alternative formulation without specifying the relevant limb, the penalty proceedings are invalid for breach of natural justice and the penalty cannot be sustained. en-us Thu, 20 Mar 2025 00:00:00 +0530 Sat, 25 Jul 2026 15:29:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470404 A penalty notice under Section 271(1)(c) must specify whether the proposed charge is concealment of income or furnishing inaccurate particulars, as these are distinct grounds. Invoking both limbs without identifying the applicable charge prevents an effective response and does not demonstrate definite satisfaction. Where both the notice and penalty order use the alternative formulation without specifying the relevant limb, the penalty proceedings are invalid for breach of natural justice and the penalty cannot be sustained. Case-Laws Income Tax Thu, 20 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470404