https://www.taxtmi.com/caselaws?id=34390 The SC held that penalty under s.271(1)(c) for concealment or furnishing inaccurate particulars is a civil, strict liability and mens rea is not required; Explanation 1 deems amounts added or disallowed to represent concealed income if explanations are unsubstantiated. The Court found earlier precedent relied on by the HC to be unsettled and directed reconsideration in light of Dharamendra Textiles and Rajasthan Spinning and Weaving Mills. The appeal was allowed and the Delhi HC judgment dated January 25, 2008 was set aside for fresh consideration. en-us Mon, 24 Aug 2009 00:00:00 +0530 Wed, 03 Sep 2025 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34390 The SC held that penalty under s.271(1)(c) for concealment or furnishing inaccurate particulars is a civil, strict liability and mens rea is not required; Explanation 1 deems amounts added or disallowed to represent concealed income if explanations are unsubstantiated. The Court found earlier precedent relied on by the HC to be unsettled and directed reconsideration in light of Dharamendra Textiles and Rajasthan Spinning and Weaving Mills. The appeal was allowed and the Delhi HC judgment dated January 25, 2008 was set aside for fresh consideration. Case-Laws Income Tax Mon, 24 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34390