https://www.taxtmi.com/caselaws?id=470434 Penalty for concealment following an assessment under section 153C requires examination of the seized material from the third-party search, its nexus with the assessee, and its role in detecting undisclosed income. A disclosure of additional income in response to a section 153C notice, without establishing those foundational links, does not by itself prove concealment or furnishing of inaccurate particulars. The notes state that the penalty orders required fresh appellate adjudication and were remitted for de novo disposal after reasonable opportunity to the assessees. 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 an assessment under section 153C requires examination of the seized material from the third-party search, its nexus with the assessee, and its role in detecting undisclosed income. A disclosure of additional income in response to a section 153C notice, without establishing those foundational links, does not by itself prove concealment or furnishing of inaccurate particulars. The notes state that the penalty orders required fresh appellate adjudication and were remitted for de novo disposal after reasonable opportunity to the assessees. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470434