https://www.taxtmi.com/caselaws?id=783058 ITAT Delhi allowed the assessee's appeal and deleted penalty imposed u/s 271(1)(c). It held that the AO had completed the assessment solely on the basis of details disclosed in the return and had not recorded any specific finding that the assessee had concealed income or furnished inaccurate particulars. The additions arose only from the AO's different treatment of receipts, including surplus/grant-related sums, already disclosed. Relying on settled law that mere disallowance of a claim does not constitute concealment, ITAT found the penalty unsustainable in law. en-us Fri, 28 Nov 2025 00:00:00 +0530 Tue, 09 Dec 2025 08:41:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783058 ITAT Delhi allowed the assessee's appeal and deleted penalty imposed u/s 271(1)(c). It held that the AO had completed the assessment solely on the basis of details disclosed in the return and had not recorded any specific finding that the assessee had concealed income or furnished inaccurate particulars. The additions arose only from the AO's different treatment of receipts, including surplus/grant-related sums, already disclosed. Relying on settled law that mere disallowance of a claim does not constitute concealment, ITAT found the penalty unsustainable in law. Case-Laws Income Tax Fri, 28 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783058