https://www.taxtmi.com/caselaws?id=792219 Penalty under section 271(1)(c) was held unsustainable where additions for society charges and depreciation arose from routine book examination and prior-year treatment, not from incriminating material found in search. The claims were disclosed in the return and financial statements, and there was no finding of false particulars or concealment of income. In an unabated assessment year, additions made without seized material could not, by themselves, justify penalty. Mere rejection of a claim did not establish concealment or furnishing of inaccurate particulars, so deletion of the penalty was upheld. en-us Fri, 22 May 2026 00:00:00 +0530 Mon, 25 May 2026 08:14:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792219 Penalty under section 271(1)(c) was held unsustainable where additions for society charges and depreciation arose from routine book examination and prior-year treatment, not from incriminating material found in search. The claims were disclosed in the return and financial statements, and there was no finding of false particulars or concealment of income. In an unabated assessment year, additions made without seized material could not, by themselves, justify penalty. Mere rejection of a claim did not establish concealment or furnishing of inaccurate particulars, so deletion of the penalty was upheld. Case-Laws Income Tax Fri, 22 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792219