https://www.taxtmi.com/caselaws?id=14839 Penalty for concealment of income or furnishing inaccurate particulars was held unsustainable where depreciation was not claimed in the original returns but was later asserted through revised returns after an ad hoc settlement with the tax authorities. The dispute centred on whether the revised claim, made to buy peace, showed concealment or inaccuracy; the Tribunal found on the facts that it did not. That finding was treated as factual rather than raising any substantial question of law, so the penalty could not be sustained and the appeal failed. en-us Mon, 14 Feb 2000 00:00:00 +0530 Thu, 23 Jul 2009 15:51:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14839 Penalty for concealment of income or furnishing inaccurate particulars was held unsustainable where depreciation was not claimed in the original returns but was later asserted through revised returns after an ad hoc settlement with the tax authorities. The dispute centred on whether the revised claim, made to buy peace, showed concealment or inaccuracy; the Tribunal found on the facts that it did not. That finding was treated as factual rather than raising any substantial question of law, so the penalty could not be sustained and the appeal failed. Case-Laws Income Tax Mon, 14 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14839