https://www.taxtmi.com/caselaws?id=467704 Penalty under Section 271(1)(c) was held unsustainable where the Revenue did not establish by evidence that the assessee deliberately furnished inaccurate particulars of income. The assessment had been reopened after the return under Section 139, but the penalty record still lacked material showing culpable conduct or proved mens rea. The appellate review under Section 250 did not remedy that deficiency. On that basis, the penalty was deleted in favour of the assessee. en-us Tue, 18 Feb 2025 00:00:00 +0530 Mon, 30 Mar 2026 19:50:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467704 Penalty under Section 271(1)(c) was held unsustainable where the Revenue did not establish by evidence that the assessee deliberately furnished inaccurate particulars of income. The assessment had been reopened after the return under Section 139, but the penalty record still lacked material showing culpable conduct or proved mens rea. The appellate review under Section 250 did not remedy that deficiency. On that basis, the penalty was deleted in favour of the assessee. Case-Laws Income Tax Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467704