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of <h1>High Court Clarifies Penalty Notices Under Income Tax Act: Importance of Clear Charges and Actual Prejudice in Proceedings.</h1> The High Court examined penalty proceedings under the Income Tax Act, 1961, focusing on Sections 271(1)(c) and 274, which deal with penalties for income concealment and the requirement for a fair hearing. The court addressed whether penalty notices must specify charges to comply with natural justice principles. It was determined that procedural lapses must cause actual prejudice to invalidate proceedings. The ruling emphasized balancing procedural compliance with substantive justice, underscoring the importance of clear communication in tax notices. This judgment guides future cases on penalty notices, highlighting the need for demonstrating actual prejudice over procedural defects.
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