https://www.taxtmi.com/caselaws?id=471395 Penalty for concealment of income or furnishing inaccurate particulars cannot be sustained where the statutory notice retains both alternative charges without identifying the precise allegation. Effective opportunity to respond requires a notice that clearly specifies the applicable limb. Where penalty initiation proceeds on concealment of income but the penalty is imposed for furnishing inaccurate particulars, the inconsistency further invalidates the penalty. Consequently, penalty under Section 271(1)(c) is not leviable when the notice is vague and the charge adopted at imposition differs from that initiated. en-us Fri, 04 Apr 2025 00:00:00 +0530 Tue, 01 Sep 2026 19:02:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471395 Penalty for concealment of income or furnishing inaccurate particulars cannot be sustained where the statutory notice retains both alternative charges without identifying the precise allegation. Effective opportunity to respond requires a notice that clearly specifies the applicable limb. Where penalty initiation proceeds on concealment of income but the penalty is imposed for furnishing inaccurate particulars, the inconsistency further invalidates the penalty. Consequently, penalty under Section 271(1)(c) is not leviable when the notice is vague and the charge adopted at imposition differs from that initiated. Case-Laws Income Tax Fri, 04 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471395