https://www.taxtmi.com/caselaws?id=471065 A penalty for concealment of income or furnishing inaccurate particulars cannot be sustained where the notice under section 274 retains both statutory limbs without identifying the specific charge. Failure to strike off the inapplicable limb leaves the allegation ambiguous, denies the assessee clear notice and an effective opportunity to defend, and vitiates the penalty proceedings. The penalty was therefore treated as invalid and deleted. en-us Fri, 28 Mar 2025 00:00:00 +0530 Wed, 19 Aug 2026 18:58:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471065 A penalty for concealment of income or furnishing inaccurate particulars cannot be sustained where the notice under section 274 retains both statutory limbs without identifying the specific charge. Failure to strike off the inapplicable limb leaves the allegation ambiguous, denies the assessee clear notice and an effective opportunity to defend, and vitiates the penalty proceedings. The penalty was therefore treated as invalid and deleted. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471065