https://www.taxtmi.com/caselaws?id=339380 Penalty for concealment or furnishing inaccurate particulars cannot rest solely on an additional-income disclosure made during survey proceedings. Independent material must establish that expenditure was inflated, income was concealed, or inaccurate particulars were furnished. Assessment and penalty proceedings remain distinct, so an addition or disclosure in quantum proceedings does not automatically support penalty. In the absence of corroborative evidence supporting the penalty charge, penalty under section 271(1)(c) was unsustainable and was deleted. en-us Thu, 12 Jan 2017 00:00:00 +0530 Sat, 25 Feb 2017 14:38:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339380 Penalty for concealment or furnishing inaccurate particulars cannot rest solely on an additional-income disclosure made during survey proceedings. Independent material must establish that expenditure was inflated, income was concealed, or inaccurate particulars were furnished. Assessment and penalty proceedings remain distinct, so an addition or disclosure in quantum proceedings does not automatically support penalty. In the absence of corroborative evidence supporting the penalty charge, penalty under section 271(1)(c) was unsustainable and was deleted. Case-Laws Income Tax Thu, 12 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339380