https://www.taxtmi.com/caselaws?id=799370 Penalty proceedings for concealment of income or furnishing inaccurate particulars are vitiated where the statutory notice uses both limbs of the penalty provision without identifying the precise charge. A composite allegation fails to provide clarity on the basis for initiating penalty and cannot sustain the resulting penalty order. Failure to specify the applicable limb in the notice rendered the penalty invalid in favour of the assessee. en-us Wed, 29 Jul 2026 00:00:00 +0530 Mon, 21 Sep 2026 08:57:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799370 Penalty proceedings for concealment of income or furnishing inaccurate particulars are vitiated where the statutory notice uses both limbs of the penalty provision without identifying the precise charge. A composite allegation fails to provide clarity on the basis for initiating penalty and cannot sustain the resulting penalty order. Failure to specify the applicable limb in the notice rendered the penalty invalid in favour of the assessee. Case-Laws Income Tax Wed, 29 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799370