https://www.taxtmi.com/caselaws?id=791936 Penalty under section 271(1)(c) requires concealment of income or furnishing of inaccurate particulars together with tax sought to be evaded. On the facts recorded, that element was absent because no concealed income was brought to tax and no addition survived in the assessment. The dispute arose only from a mismatch between the return of income and the tax audit report. The penalty was therefore not leviable and was deleted, with relief granted to the assessee. en-us Fri, 15 May 2026 00:00:00 +0530 Wed, 20 May 2026 08:31:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791936 Penalty under section 271(1)(c) requires concealment of income or furnishing of inaccurate particulars together with tax sought to be evaded. On the facts recorded, that element was absent because no concealed income was brought to tax and no addition survived in the assessment. The dispute arose only from a mismatch between the return of income and the tax audit report. The penalty was therefore not leviable and was deleted, with relief granted to the assessee. Case-Laws Income Tax Fri, 15 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791936