https://www.taxtmi.com/caselaws?id=777060 Penalty under section 271(1)(c) was held unsustainable where the addition under section 2(22)(e) relating to deemed dividend arose from a debatable issue that had travelled through multiple appellate forums, including the Supreme Court. On those facts, the record did not show deliberate concealment of income or furnishing of inaccurate particulars, and a concealment penalty could not be imposed without clear culpable conduct. The penalty order was therefore directed to be deleted. en-us Wed, 08 Jan 2025 00:00:00 +0530 Sat, 23 Aug 2025 08:31:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777060 Penalty under section 271(1)(c) was held unsustainable where the addition under section 2(22)(e) relating to deemed dividend arose from a debatable issue that had travelled through multiple appellate forums, including the Supreme Court. On those facts, the record did not show deliberate concealment of income or furnishing of inaccurate particulars, and a concealment penalty could not be imposed without clear culpable conduct. The penalty order was therefore directed to be deleted. Case-Laws Income Tax Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777060