https://www.taxtmi.com/caselaws?id=470201 Penalty for concealment or furnishing inaccurate particulars cannot survive when the reassessment orders and the consequential quantum additions forming its foundation have been quashed. As no addition remained and no tax sought to be evaded survived under the relevant statutory explanation, levy of penalty under Section 271(1)(c) was unjustified. The penalty deletion was therefore sustained. en-us Fri, 31 May 2024 00:00:00 +0530 Mon, 20 Jul 2026 16:24:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470201 Penalty for concealment or furnishing inaccurate particulars cannot survive when the reassessment orders and the consequential quantum additions forming its foundation have been quashed. As no addition remained and no tax sought to be evaded survived under the relevant statutory explanation, levy of penalty under Section 271(1)(c) was unjustified. The penalty deletion was therefore sustained. Case-Laws Income Tax Fri, 31 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470201