https://www.taxtmi.com/caselaws?id=471031 Penalty under section 271(1)(c) cannot be sustained where the notice under section 274 fails to specify whether the charge is concealment of income or furnishing inaccurate particulars. Initiation for furnishing inaccurate particulars followed by imposition for concealment demonstrates inconsistency in the charge. Penalty proceedings are separate from assessment proceedings, requiring the statutory notice itself to communicate the precise allegation and exclude the inapplicable limb. An omnibus notice indicates non-application of mind, and ambiguity in a penal provision or breach of the mandatory notice requirement operates in favour of the assessee. The defective notice renders the penalty proceedings void from inception. en-us Fri, 28 Mar 2025 00:00:00 +0530 Tue, 18 Aug 2026 21:39:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471031 Penalty under section 271(1)(c) cannot be sustained where the notice under section 274 fails to specify whether the charge is concealment of income or furnishing inaccurate particulars. Initiation for furnishing inaccurate particulars followed by imposition for concealment demonstrates inconsistency in the charge. Penalty proceedings are separate from assessment proceedings, requiring the statutory notice itself to communicate the precise allegation and exclude the inapplicable limb. An omnibus notice indicates non-application of mind, and ambiguity in a penal provision or breach of the mandatory notice requirement operates in favour of the assessee. The defective notice renders the penalty proceedings void from inception. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471031