https://www.taxtmi.com/caselaws?id=797378 Penalty for concealment or furnishing inaccurate particulars requires independent proof of the statutory conditions. Acceptance without variation of income declared in a return filed in response to a reassessment notice does not, by itself, establish concealment or inaccurate particulars. Delayed filing of the original return and filing only after reassessment proceedings begin are insufficient grounds for penalty. Reassessment does not automatically justify separate penalty proceedings; the Revenue must demonstrate concealment of income or furnishing of inaccurate particulars independently. On these principles, penalty under Section 271(1)(c) was unsustainable and required deletion. en-us Mon, 10 Aug 2026 00:00:00 +0530 Fri, 21 Aug 2026 08:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797378 Penalty for concealment or furnishing inaccurate particulars requires independent proof of the statutory conditions. Acceptance without variation of income declared in a return filed in response to a reassessment notice does not, by itself, establish concealment or inaccurate particulars. Delayed filing of the original return and filing only after reassessment proceedings begin are insufficient grounds for penalty. Reassessment does not automatically justify separate penalty proceedings; the Revenue must demonstrate concealment of income or furnishing of inaccurate particulars independently. On these principles, penalty under Section 271(1)(c) was unsustainable and required deletion. Case-Laws Income Tax Mon, 10 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797378