https://www.taxtmi.com/caselaws?id=765612 Penalty under section 271(1)(c) cannot be sustained where the assessee disclosed all primary facts, supported the claim for mine reclamation expenses with accounting and documentary material, and advanced a bona fide explanation based on a statutory obligation under the mining rules and the governing Act. The explanation was treated as sufficient to discharge the burden under section 273B, so the levy failed on merits. Penalty was also invalid because the proceedings and notice proceeded on furnishing inaccurate particulars, while the final order rested on concealment, creating a fatal mismatch in the operative charge. The deletion of penalty was therefore upheld. en-us Thu, 30 Jan 2025 00:00:00 +0530 Wed, 05 Feb 2025 08:38:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765612 Penalty under section 271(1)(c) cannot be sustained where the assessee disclosed all primary facts, supported the claim for mine reclamation expenses with accounting and documentary material, and advanced a bona fide explanation based on a statutory obligation under the mining rules and the governing Act. The explanation was treated as sufficient to discharge the burden under section 273B, so the levy failed on merits. Penalty was also invalid because the proceedings and notice proceeded on furnishing inaccurate particulars, while the final order rested on concealment, creating a fatal mismatch in the operative charge. The deletion of penalty was therefore upheld. Case-Laws Income Tax Thu, 30 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765612