https://www.taxtmi.com/caselaws?id=470610 A penalty notice under section 271(1)(c) must clearly specify whether the charge is concealment of income or furnishing inaccurate particulars of income, as the two limbs have distinct meanings. A notice or penalty order that leaves the charge unspecified is vague, demonstrates non-application of mind, and cannot be cured by assessment proceedings or other material. Where neither document identifies the applicable limb, initiation of penalty proceedings is invalid and the penalty is unsustainable; the penalty merits need not be examined. en-us Fri, 19 Sep 2025 00:00:00 +0530 Fri, 31 Jul 2026 19:03:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470610 A penalty notice under section 271(1)(c) must clearly specify whether the charge is concealment of income or furnishing inaccurate particulars of income, as the two limbs have distinct meanings. A notice or penalty order that leaves the charge unspecified is vague, demonstrates non-application of mind, and cannot be cured by assessment proceedings or other material. Where neither document identifies the applicable limb, initiation of penalty proceedings is invalid and the penalty is unsustainable; the penalty merits need not be examined. Case-Laws Income Tax Fri, 19 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470610