https://www.taxtmi.com/caselaws?id=471152 Penalty proceedings for concealment of income or furnishing inaccurate particulars require a notice that clearly specifies the applicable charge. Retaining both alternative limbs in a notice under Section 274 read with Section 271(1)(c), without striking out the inapplicable limb, prevents an effective response and invalidates the proceedings. Assessment context or separately recorded satisfaction does not cure this defect. The penalty was consequently deleted because the notice failed to identify the precise charge. en-us Wed, 02 Apr 2025 00:00:00 +0530 Sat, 22 Aug 2026 22:09:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471152 Penalty proceedings for concealment of income or furnishing inaccurate particulars require a notice that clearly specifies the applicable charge. Retaining both alternative limbs in a notice under Section 274 read with Section 271(1)(c), without striking out the inapplicable limb, prevents an effective response and invalidates the proceedings. Assessment context or separately recorded satisfaction does not cure this defect. The penalty was consequently deleted because the notice failed to identify the precise charge. Case-Laws Income Tax Wed, 02 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471152