https://www.taxtmi.com/caselaws?id=781257 ITAT Jaip-AT held that when an assessee files a revised return which is substituted for the original and the assessed income equals the revised return, penalty under s.271(1)(c) is not leviable where there is no finding of incorrect, erroneous or false particulars. Relying on HC precedents, the Tribunal found the assessing authority accepted the revised declaration and recovered tax, so there was no concealment or inaccurate particulars. Appeal allowed and penalty deleted. en-us Wed, 08 Oct 2025 00:00:00 +0530 Tue, 11 Nov 2025 11:24:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781257 ITAT Jaip-AT held that when an assessee files a revised return which is substituted for the original and the assessed income equals the revised return, penalty under s.271(1)(c) is not leviable where there is no finding of incorrect, erroneous or false particulars. Relying on HC precedents, the Tribunal found the assessing authority accepted the revised declaration and recovered tax, so there was no concealment or inaccurate particulars. Appeal allowed and penalty deleted. Case-Laws Income Tax Wed, 08 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781257