https://www.taxtmi.com/caselaws?id=13387 The HC ruled in favor of the appellant, determining that a wrong calculation due to mistaken indexation does not constitute concealment or furnishing wrong particulars under section 271(1)(c) of the Income-tax Act, 1961. The court emphasized that the penal provisions require strict interpretation, and since all particulars were disclosed, the incorrect calculation did not trigger the penal consequences of the section. The appeal was allowed, highlighting the distinction between mere calculation errors and deliberate concealment or misrepresentation of income. en-us Mon, 14 Nov 2005 00:00:00 +0530 Fri, 12 Apr 2024 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13387 The HC ruled in favor of the appellant, determining that a wrong calculation due to mistaken indexation does not constitute concealment or furnishing wrong particulars under section 271(1)(c) of the Income-tax Act, 1961. The court emphasized that the penal provisions require strict interpretation, and since all particulars were disclosed, the incorrect calculation did not trigger the penal consequences of the section. The appeal was allowed, highlighting the distinction between mere calculation errors and deliberate concealment or misrepresentation of income. Case-Laws Income Tax Mon, 14 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13387