https://www.taxtmi.com/caselaws?id=75701 The SC dismissed the revenue's appeal regarding penalty under section 271(1)(c) for concealment of income. The court held that merely making an unsustainable legal claim in the return does not constitute furnishing inaccurate particulars or concealment of income. Where no details supplied by the assessee are found incorrect, erroneous, or false, penalty under section 271(1)(c) cannot be imposed. The Tribunal, CIT(A), and HC correctly concluded in favor of the assessee. en-us Wed, 17 Mar 2010 00:00:00 +0530 Sat, 10 May 2025 12:05:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75701 The SC dismissed the revenue's appeal regarding penalty under section 271(1)(c) for concealment of income. The court held that merely making an unsustainable legal claim in the return does not constitute furnishing inaccurate particulars or concealment of income. Where no details supplied by the assessee are found incorrect, erroneous, or false, penalty under section 271(1)(c) cannot be imposed. The Tribunal, CIT(A), and HC correctly concluded in favor of the assessee. Case-Laws Income Tax Wed, 17 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75701