https://www.taxtmi.com/caselaws?id=178832 A revised return can correct accidental omissions or bona fide mistakes, but it does not wipe out a deliberate concealment made in the original return. Penalty under section 28(1)(c) depends on whether the assessee concealed particulars of income or deliberately furnished inaccurate particulars, and that inquiry is made with reference to the original return. The fact that assessment was completed on a higher or revised figure, or under the proviso to section 13, does not by itself prevent penalty where deliberate concealment is found. The revised return therefore did not absolve the assessee from penalty, and the reference was answered against the assessee. en-us Wed, 04 Sep 1957 00:00:00 +0530 Sat, 13 Feb 2016 11:46:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178832 A revised return can correct accidental omissions or bona fide mistakes, but it does not wipe out a deliberate concealment made in the original return. Penalty under section 28(1)(c) depends on whether the assessee concealed particulars of income or deliberately furnished inaccurate particulars, and that inquiry is made with reference to the original return. The fact that assessment was completed on a higher or revised figure, or under the proviso to section 13, does not by itself prevent penalty where deliberate concealment is found. The revised return therefore did not absolve the assessee from penalty, and the reference was answered against the assessee. Case-Laws Income Tax Wed, 04 Sep 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178832