https://www.taxtmi.com/caselaws?id=791472 Penalty under section 271(1)(c) was deleted because the record did not establish concealment of income or furnishing of inaccurate particulars. The penalty was initiated from assessment additions, but the order failed to show a clear factual basis for invoking the provision, including in relation to loan and interest-related adjustments. In the absence of demonstrated concealment or inaccurate particulars, the statutory conditions for penalty were not satisfied, and the assessee succeeded. en-us Fri, 27 Mar 2026 00:00:00 +0530 Tue, 12 May 2026 08:50:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791472 Penalty under section 271(1)(c) was deleted because the record did not establish concealment of income or furnishing of inaccurate particulars. The penalty was initiated from assessment additions, but the order failed to show a clear factual basis for invoking the provision, including in relation to loan and interest-related adjustments. In the absence of demonstrated concealment or inaccurate particulars, the statutory conditions for penalty were not satisfied, and the assessee succeeded. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791472