https://www.taxtmi.com/caselaws?id=471282 Penalty for concealment of income or furnishing inaccurate particulars under Section 271(1)(c) is not sustained merely because additional income was disclosed after a survey. Where the revised return fully includes that income and scrutiny assessment accepts the returned income without addition or variation, complete disclosure does not establish concealment or inaccurate particulars. On materially identical facts, the penalty was considered unjustified and deleted. en-us Thu, 15 Dec 2022 00:00:00 +0530 Thu, 27 Aug 2026 16:08:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471282 Penalty for concealment of income or furnishing inaccurate particulars under Section 271(1)(c) is not sustained merely because additional income was disclosed after a survey. Where the revised return fully includes that income and scrutiny assessment accepts the returned income without addition or variation, complete disclosure does not establish concealment or inaccurate particulars. On materially identical facts, the penalty was considered unjustified and deleted. Case-Laws Income Tax Thu, 15 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471282