https://www.taxtmi.com/caselaws?id=471283 Penalty for concealment or inaccurate particulars is not leviable on additional income disclosed in a valid revised return accepted in assessment, unless the return itself contains false, inaccurate or undisclosed particulars. Survey proceedings alone do not establish concealment for this purpose. Failure to strike off an inapplicable limb in a penalty notice does not invalidate proceedings where the assessment and penalty orders clearly identify concealment as the charge. Satisfaction for initiating penalty need not follow a prescribed form; a recorded concealment charge and the statutory deeming effect of the assessment-order direction suffice. en-us Thu, 28 Feb 2019 00:00:00 +0530 Thu, 27 Aug 2026 16:19:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471283 Penalty for concealment or inaccurate particulars is not leviable on additional income disclosed in a valid revised return accepted in assessment, unless the return itself contains false, inaccurate or undisclosed particulars. Survey proceedings alone do not establish concealment for this purpose. Failure to strike off an inapplicable limb in a penalty notice does not invalidate proceedings where the assessment and penalty orders clearly identify concealment as the charge. Satisfaction for initiating penalty need not follow a prescribed form; a recorded concealment charge and the statutory deeming effect of the assessment-order direction suffice. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471283