https://www.taxtmi.com/caselaws?id=797760 Deemed concealment under Explanation 3 to Section 271(1)(c) may arise where an original return is not filed without reasonable cause, but the tax sought to be evaded must be computed under clause (c) of Explanation 4. Tax deducted at source before issuance of reassessment notice under Section 148 must reduce the relevant tax amount. Where returned income is accepted without adjustment and pre-notice tax deducted at source exceeds the final assessed tax liability, no tax is sought to be evaded. Penalty under Section 271(1)(c) was therefore deleted. en-us Thu, 30 Jul 2026 00:00:00 +0530 Thu, 27 Aug 2026 08:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797760 Deemed concealment under Explanation 3 to Section 271(1)(c) may arise where an original return is not filed without reasonable cause, but the tax sought to be evaded must be computed under clause (c) of Explanation 4. Tax deducted at source before issuance of reassessment notice under Section 148 must reduce the relevant tax amount. Where returned income is accepted without adjustment and pre-notice tax deducted at source exceeds the final assessed tax liability, no tax is sought to be evaded. Penalty under Section 271(1)(c) was therefore deleted. Case-Laws Income Tax Thu, 30 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797760