https://www.taxtmi.com/caselaws?id=771774 Penalty under section 271(1)(c) was held unsustainable where the surviving addition in quantum proceedings was made only on estimation and did not establish concealment of income or furnishing of inaccurate particulars. On those facts, deliberate concealment was not shown, so the penalty was not exigible and was deleted in favour of the assessee. en-us Tue, 27 May 2025 00:00:00 +0530 Fri, 30 May 2025 08:55:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771774 Penalty under section 271(1)(c) was held unsustainable where the surviving addition in quantum proceedings was made only on estimation and did not establish concealment of income or furnishing of inaccurate particulars. On those facts, deliberate concealment was not shown, so the penalty was not exigible and was deleted in favour of the assessee. Case-Laws Income Tax Tue, 27 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771774