https://www.taxtmi.com/caselaws?id=470434 Penalty for concealment following a third-party search under section 153C requires examination of the seized material, its nexus with the assessee, and its role in detecting undisclosed income. Disclosure of additional income in response to a section 153C notice does not, by itself, establish concealment or furnishing of inaccurate particulars. Where penalty orders omit this foundational analysis, they require fresh appellate adjudication. The matter was remitted to the CIT(A) for de novo disposal after providing the assessees a reasonable opportunity of being heard. en-us Fri, 21 Mar 2025 00:00:00 +0530 Mon, 27 Jul 2026 19:07:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470434 Penalty for concealment following a third-party search under section 153C requires examination of the seized material, its nexus with the assessee, and its role in detecting undisclosed income. Disclosure of additional income in response to a section 153C notice does not, by itself, establish concealment or furnishing of inaccurate particulars. Where penalty orders omit this foundational analysis, they require fresh appellate adjudication. The matter was remitted to the CIT(A) for de novo disposal after providing the assessees a reasonable opportunity of being heard. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470434