https://www.taxtmi.com/caselaws?id=385014 Penalty under section 271(1)(c) could not be sustained where the quantum additions relating to repairs and maintenance grant and rental income had already been deleted. With the underlying additions no longer surviving, the foundation for alleging concealment or furnishing of inaccurate particulars fell away, and the penalty proceedings could not be maintained independently. The penalty was therefore held not exigible and directed to be deleted. en-us Fri, 23 Aug 2019 00:00:00 +0530 Wed, 28 Aug 2019 07:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385014 Penalty under section 271(1)(c) could not be sustained where the quantum additions relating to repairs and maintenance grant and rental income had already been deleted. With the underlying additions no longer surviving, the foundation for alleging concealment or furnishing of inaccurate particulars fell away, and the penalty proceedings could not be maintained independently. The penalty was therefore held not exigible and directed to be deleted. Case-Laws Income Tax Fri, 23 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385014