https://www.taxtmi.com/caselaws?id=471139 Penalty for concealment of income or furnishing inaccurate particulars requires a statutory notice that clearly identifies the specific charge. Because penalty proceedings are distinct from assessment proceedings, the taxpayer must receive unambiguous notice of the applicable limb of the penalty provision. Invoking both limbs without specifying which allegation is pursued renders the notice legally defective and prevents the penalty from being sustained. en-us Tue, 19 Aug 2025 00:00:00 +0530 Fri, 21 Aug 2026 20:33:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471139 Penalty for concealment of income or furnishing inaccurate particulars requires a statutory notice that clearly identifies the specific charge. Because penalty proceedings are distinct from assessment proceedings, the taxpayer must receive unambiguous notice of the applicable limb of the penalty provision. Invoking both limbs without specifying which allegation is pursued renders the notice legally defective and prevents the penalty from being sustained. Case-Laws Income Tax Tue, 19 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471139