https://www.taxtmi.com/caselaws?id=789760 Penalty under section 271(1)(c) was sustained only where the commission disallowance reflected a false claim and inaccurate particulars, but it had to be restricted to the quantum addition that actually survived appellate relief; any penalty computed on an excess amount required recalculation. For the interest-waiver addition under section 41(1), the assessee had disclosed the waiver and adopted a bona fide tax position, so penalty was not warranted and the corresponding penalty was deleted. The stated principle is that concealment penalty can attach only to the finally surviving addition and only where the claim is not bona fide. en-us Fri, 10 Apr 2026 00:00:00 +0530 Tue, 14 Apr 2026 08:03:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789760 Penalty under section 271(1)(c) was sustained only where the commission disallowance reflected a false claim and inaccurate particulars, but it had to be restricted to the quantum addition that actually survived appellate relief; any penalty computed on an excess amount required recalculation. For the interest-waiver addition under section 41(1), the assessee had disclosed the waiver and adopted a bona fide tax position, so penalty was not warranted and the corresponding penalty was deleted. The stated principle is that concealment penalty can attach only to the finally surviving addition and only where the claim is not bona fide. Case-Laws Income Tax Fri, 10 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789760