https://www.taxtmi.com/caselaws?id=782743 Where a fresh assessment under section 143(3) read with section 254 accepted the returned income and made no addition, penalty under section 271(1)(c) for concealment or furnishing inaccurate particulars could not survive because the statutory basis of tax sought to be evaded disappeared. The penalty was therefore deleted in favour of the assessee. en-us Wed, 12 Nov 2025 00:00:00 +0530 Wed, 03 Dec 2025 08:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782743 Where a fresh assessment under section 143(3) read with section 254 accepted the returned income and made no addition, penalty under section 271(1)(c) for concealment or furnishing inaccurate particulars could not survive because the statutory basis of tax sought to be evaded disappeared. The penalty was therefore deleted in favour of the assessee. Case-Laws Income Tax Wed, 12 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782743