https://www.taxtmi.com/caselaws?id=796395 Penalty for under-reporting income may apply where a non-corporate assessee failed to file a return within the prescribed time and assessed income exceeded the maximum non-taxable amount. Income disclosed only in response to a reassessment notice does not cure the original filing default, and acceptance of that income without further reassessment additions does not prevent the statutory deeming rule from operating. Tax deducted at source and the department's access to income information do not remove the obligation to file a return. No exclusion from under-reporting was established, so penalty was leviable. en-us Tue, 14 Jul 2026 00:00:00 +0530 Wed, 05 Aug 2026 08:48:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796395 Penalty for under-reporting income may apply where a non-corporate assessee failed to file a return within the prescribed time and assessed income exceeded the maximum non-taxable amount. Income disclosed only in response to a reassessment notice does not cure the original filing default, and acceptance of that income without further reassessment additions does not prevent the statutory deeming rule from operating. Tax deducted at source and the department's access to income information do not remove the obligation to file a return. No exclusion from under-reporting was established, so penalty was leviable. Case-Laws Income Tax Tue, 14 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796395