https://www.taxtmi.com/caselaws?id=464756 Penalty under section 271(1)(c) could not be sustained where the reassessment return under section 148 was accepted without any addition and no clear finding was recorded that the assessee had concealed income or furnished inaccurate particulars. In the absence of both an assessed addition and a categorical concealment finding, the factual foundation for penalty failed, so the penalty was deleted. en-us Thu, 23 Jan 2025 00:00:00 +0530 Wed, 12 Nov 2025 19:42:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464756 Penalty under section 271(1)(c) could not be sustained where the reassessment return under section 148 was accepted without any addition and no clear finding was recorded that the assessee had concealed income or furnished inaccurate particulars. In the absence of both an assessed addition and a categorical concealment finding, the factual foundation for penalty failed, so the penalty was deleted. Case-Laws Income Tax Thu, 23 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464756