https://www.taxtmi.com/caselaws?id=795129 Penalty for concealment of income or furnishing inaccurate particulars requires proof that the taxpayer concealed income or provided inaccurate particulars. Where a return filed in response to a reassessment notice is accepted without additions, disallowances, or adverse findings, filing that return after notice alone does not establish the statutory conditions for penalty. Payment of tax on declared income before the reassessment notice may support the absence of intent to evade tax. The analysis states that the Revenue must establish the basis for imposing the penalty, and that failure to do so makes the penalty unsustainable. en-us Wed, 11 Mar 2026 00:00:00 +0530 Fri, 17 Jul 2026 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795129 Penalty for concealment of income or furnishing inaccurate particulars requires proof that the taxpayer concealed income or provided inaccurate particulars. Where a return filed in response to a reassessment notice is accepted without additions, disallowances, or adverse findings, filing that return after notice alone does not establish the statutory conditions for penalty. Payment of tax on declared income before the reassessment notice may support the absence of intent to evade tax. The analysis states that the Revenue must establish the basis for imposing the penalty, and that failure to do so makes the penalty unsustainable. Case-Laws Income Tax Wed, 11 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795129