https://www.taxtmi.com/caselaws?id=466795 Penalty under the Income-tax Act for concealment or furnishing inaccurate particulars requires culpable intent; where a trust had applied for registration, communicated with the department about deed amendments, and treated surplus grants and interest as remittable to the government based on a bona fide belief while returns recorded registration as "applied for", the facts did not establish deliberate concealment or inaccurate particulars. Consequently the penalty under the Act was deleted for the assessment years in question, despite substantive additions being sustained on limitation grounds. en-us Fri, 07 Sep 2018 00:00:00 +0530 Fri, 20 Feb 2026 08:22:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466795 Penalty under the Income-tax Act for concealment or furnishing inaccurate particulars requires culpable intent; where a trust had applied for registration, communicated with the department about deed amendments, and treated surplus grants and interest as remittable to the government based on a bona fide belief while returns recorded registration as "applied for", the facts did not establish deliberate concealment or inaccurate particulars. Consequently the penalty under the Act was deleted for the assessment years in question, despite substantive additions being sustained on limitation grounds. Case-Laws Income Tax Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466795