https://www.taxtmi.com/caselaws?id=471076 Non-filing of a return attracts statutory deemed concealment even where income is later disclosed in response to a reassessment notice and accepted in reassessment. Acceptance of the returned income does not remove concealment because the income would otherwise have escaped assessment. For computing tax sought to be evaded, tax deducted at source and self-assessment tax paid before issue of the reassessment notice must be reduced from tax on the assessed income. Penalty is therefore leviable, subject to computation after allowing those eligible tax credits. en-us Mon, 19 Jan 2026 00:00:00 +0530 Wed, 19 Aug 2026 18:58:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471076 Non-filing of a return attracts statutory deemed concealment even where income is later disclosed in response to a reassessment notice and accepted in reassessment. Acceptance of the returned income does not remove concealment because the income would otherwise have escaped assessment. For computing tax sought to be evaded, tax deducted at source and self-assessment tax paid before issue of the reassessment notice must be reduced from tax on the assessed income. Penalty is therefore leviable, subject to computation after allowing those eligible tax credits. Case-Laws Income Tax Mon, 19 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471076