https://www.taxtmi.com/caselaws?id=470093 A limited remand confined to recomputing expenditure attributable to interest income does not reopen the entire assessment or permit a fresh penalty proceeding that places the taxpayer in a worse position. Reworking allowable expenditure on fixed-deposit and savings-bank interest, without identifying any inaccurate particular in the return, does not establish concealment of income or furnishing of inaccurate particulars. Penalty for concealment or inaccurate particulars was therefore not sustainable and was deleted for all relevant assessment years. en-us Mon, 17 Mar 2025 00:00:00 +0530 Wed, 15 Jul 2026 18:59:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470093 A limited remand confined to recomputing expenditure attributable to interest income does not reopen the entire assessment or permit a fresh penalty proceeding that places the taxpayer in a worse position. Reworking allowable expenditure on fixed-deposit and savings-bank interest, without identifying any inaccurate particular in the return, does not establish concealment of income or furnishing of inaccurate particulars. Penalty for concealment or inaccurate particulars was therefore not sustainable and was deleted for all relevant assessment years. Case-Laws Income Tax Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470093