https://www.taxtmi.com/caselaws?id=468157 Penalty for concealment was not justified where the assessment ultimately resulted in tax under section 115JB on the assessee's own MAT computation and no addition was made in the MAT working. The disallowance of deduction under section 10B affected only the normal computation, which was absorbed by available business losses and did not change the tax payable under MAT. On that footing, concealment or inaccurate particulars in the normal computation had no tax impact, so penalty under section 271(1)(c) was held to be not leviable and was deleted. en-us Thu, 24 Jan 2013 00:00:00 +0530 Sat, 18 Apr 2026 13:14:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468157 Penalty for concealment was not justified where the assessment ultimately resulted in tax under section 115JB on the assessee's own MAT computation and no addition was made in the MAT working. The disallowance of deduction under section 10B affected only the normal computation, which was absorbed by available business losses and did not change the tax payable under MAT. On that footing, concealment or inaccurate particulars in the normal computation had no tax impact, so penalty under section 271(1)(c) was held to be not leviable and was deleted. Case-Laws Income Tax Thu, 24 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468157