https://www.taxtmi.com/caselaws?id=774238 Penalty for concealment or furnishing inaccurate particulars cannot survive where the additions forming its basis have been deleted. A claim for expenses supported by an audit report, even if ultimately unsustainable, does not by itself establish concealment or furnishing of inaccurate particulars. Penalty proceedings under section 271(1)(c) therefore fail when no underlying assessed addition remains and the claim is bona fide without evidence of concealment. en-us Mon, 30 Jun 2025 00:00:00 +0530 Sat, 05 Jul 2025 08:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774238 Penalty for concealment or furnishing inaccurate particulars cannot survive where the additions forming its basis have been deleted. A claim for expenses supported by an audit report, even if ultimately unsustainable, does not by itself establish concealment or furnishing of inaccurate particulars. Penalty proceedings under section 271(1)(c) therefore fail when no underlying assessed addition remains and the claim is bona fide without evidence of concealment. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774238