https://www.taxtmi.com/caselaws?id=269670 The High Court upheld the decisions of the lower authorities, emphasizing the importance of disclosing all relevant facts in the return. It clarified that incorrect claims do not necessarily constitute inaccurate particulars for penalty imposition under the Income Tax Act, 1961. The Court concluded that as all relevant facts were disclosed, there was no concealment of income or furnishing of inaccurate particulars, leading to the dismissal of the appeal. en-us Mon, 05 Oct 2015 00:00:00 +0530 Thu, 17 Dec 2015 23:51:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269670 The High Court upheld the decisions of the lower authorities, emphasizing the importance of disclosing all relevant facts in the return. It clarified that incorrect claims do not necessarily constitute inaccurate particulars for penalty imposition under the Income Tax Act, 1961. The Court concluded that as all relevant facts were disclosed, there was no concealment of income or furnishing of inaccurate particulars, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 05 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269670