https://www.taxtmi.com/caselaws?id=797368 Penalty for concealment under Section 271(1)(c) is not leviable where the tax sought to be evaded is nil. Although Explanation 3 may deem delayed non-filing of a return to constitute concealment in specified circumstances, Explanation 4(c) requires computation after reducing advance tax, tax deducted or collected at source, and self-assessment tax paid before issuance of a reassessment notice. Where the reassessment return is accepted without variation and the entire tax liability was paid before the notice, no tax remains sought to be evaded; consequently, the penalty is deleted. en-us Fri, 05 Jun 2026 00:00:00 +0530 Fri, 21 Aug 2026 08:28:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797368 Penalty for concealment under Section 271(1)(c) is not leviable where the tax sought to be evaded is nil. Although Explanation 3 may deem delayed non-filing of a return to constitute concealment in specified circumstances, Explanation 4(c) requires computation after reducing advance tax, tax deducted or collected at source, and self-assessment tax paid before issuance of a reassessment notice. Where the reassessment return is accepted without variation and the entire tax liability was paid before the notice, no tax remains sought to be evaded; consequently, the penalty is deleted. Case-Laws Income Tax Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797368