https://www.taxtmi.com/caselaws?id=472471 Penalty under Section 271(1)(c) requires the recorded satisfaction, statutory notice and final levy to identify and correspond to one definite statutory limb. Proceedings initiated for concealment of income cannot sustain a penalty imposed without clearly specifying whether the charge is concealment or furnishing inaccurate particulars. Consistency and judicial discipline required adherence to an earlier coordinate-bench ruling on the same issue where no distinguishing facts or contrary material existed. The penalty orders were therefore set aside as unsustainable. en-us Thu, 14 Feb 2019 00:00:00 +0530 Wed, 14 Oct 2026 09:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472471 Penalty under Section 271(1)(c) requires the recorded satisfaction, statutory notice and final levy to identify and correspond to one definite statutory limb. Proceedings initiated for concealment of income cannot sustain a penalty imposed without clearly specifying whether the charge is concealment or furnishing inaccurate particulars. Consistency and judicial discipline required adherence to an earlier coordinate-bench ruling on the same issue where no distinguishing facts or contrary material existed. The penalty orders were therefore set aside as unsustainable. Case-Laws Income Tax Thu, 14 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472471