https://www.taxtmi.com/caselaws?id=472454 Penalty proceedings under Section 271(1)(c) cannot stand where notices under Section 274 invoke both concealment of income and furnishing inaccurate particulars without identifying the precise charge. Specific notice is necessary to give the taxpayer a meaningful opportunity to respond. An objection raised in the penalty appeal was distinguishable from a substantially delayed challenge. Failure to specify the applicable statutory limb invalidated the notices and resulted in quashing of the penalty. en-us Mon, 21 Apr 2025 00:00:00 +0530 Tue, 13 Oct 2026 13:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472454 Penalty proceedings under Section 271(1)(c) cannot stand where notices under Section 274 invoke both concealment of income and furnishing inaccurate particulars without identifying the precise charge. Specific notice is necessary to give the taxpayer a meaningful opportunity to respond. An objection raised in the penalty appeal was distinguishable from a substantially delayed challenge. Failure to specify the applicable statutory limb invalidated the notices and resulted in quashing of the penalty. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472454