https://www.taxtmi.com/caselaws?id=469877 Penalty under Section 271(1)(c) could not survive where the corresponding quantum additions in search-related assessments were deleted in appeal. Once the additions ceased to exist, there was no remaining basis to treat any income as concealed or to allege furnishing of inaccurate particulars. The penalty order was entirely dependent on additions that no longer survived, so deletion of the penalty was upheld in favour of the assessee. en-us Mon, 24 Nov 2025 00:00:00 +0530 Tue, 07 Jul 2026 21:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469877 Penalty under Section 271(1)(c) could not survive where the corresponding quantum additions in search-related assessments were deleted in appeal. Once the additions ceased to exist, there was no remaining basis to treat any income as concealed or to allege furnishing of inaccurate particulars. The penalty order was entirely dependent on additions that no longer survived, so deletion of the penalty was upheld in favour of the assessee. Case-Laws Income Tax Mon, 24 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469877