Penalty under s.271(1)(c) r.w.s.274 quashed for defective, non-specific show-cause notice denying fair opportunity to defend

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....The ITAT set aside the penalty order under s.271(1)(c) r.w.s.274 insofar as it was founded on a defective show-cause notice that failed to specify the precise charge-whether concealment of particulars of income or furnishing inaccurate particulars-thereby depriving the assessee of the ability to frame an effective defence. The Tribunal found the notice to be a standard, mechanistic document issued without application of mind, and held that penalty imposition in such circumstances is invalid. Consequently the penalty levied was quashed and the appeal allowed in favour of the assessee.....