https://www.taxtmi.com/highlights?id=103182 Penalty for furnishing inaccurate particulars cannot survive where it rests solely on a bad-debt disallowance that has been deleted. Once the Tribunal deleted the quantum addition and the High Court confirmed that deletion, no tax liability remained in respect of the disallowance. The consequential penalty for concealment or furnishing inaccurate particulars was therefore deleted, with the Tribunal's deletion sustained and the revenue's appeal dismissed. en-us Fri, 28 Aug 2026 20:51:08 +0530 Fri, 28 Aug 2026 20:51:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=103182 Penalty for furnishing inaccurate particulars cannot survive where it rests solely on a bad-debt disallowance that has been deleted. Once the Tribunal deleted the quantum addition and the High Court confirmed that deletion, no tax liability remained in respect of the disallowance. The consequential penalty for concealment or furnishing inaccurate particulars was therefore deleted, with the Tribunal's deletion sustained and the revenue's appeal dismissed. Highlights Income Tax Fri, 28 Aug 2026 20:51:08 +0530 https://www.taxtmi.com/highlights?id=103182