https://www.taxtmi.com/caselaws?id=469074 Failure to file a return despite taxable income, coupled with non-compliance with notices, attracted concealment penalty under section 271(1)(c) because Explanation 3 applied on the facts and mere tax deduction at source did not cure the statutory default. The Tribunal also stated that, for quantification in such cases, the tax sought to be evaded must be computed under Explanation 4(c) after giving credit for advance tax, TDS, TCS and self-assessment tax paid before issue of notice under section 148. The penalty was upheld in principle, while the amount required limited verification and recomputation. en-us Fri, 28 Mar 2025 00:00:00 +0530 Mon, 01 Jun 2026 18:58:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469074 Failure to file a return despite taxable income, coupled with non-compliance with notices, attracted concealment penalty under section 271(1)(c) because Explanation 3 applied on the facts and mere tax deduction at source did not cure the statutory default. The Tribunal also stated that, for quantification in such cases, the tax sought to be evaded must be computed under Explanation 4(c) after giving credit for advance tax, TDS, TCS and self-assessment tax paid before issue of notice under section 148. The penalty was upheld in principle, while the amount required limited verification and recomputation. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469074