https://www.taxtmi.com/caselaws?id=799278 Penalty under section 271(1)(c) is unsustainable merely because an interest claim under section 36(1)(iii) is partly disallowed. Concealment or furnishing inaccurate particulars requires evidence that income was hidden, particulars were incorrect, erroneous or false, or material facts relevant to computation were withheld. Where the interest claim rests on fully disclosed facts and the disallowance is limited in quantum proceedings, rejection of the claim alone does not establish the statutory default; the penalty is liable to deletion. en-us Mon, 29 Jun 2026 00:00:00 +0530 Sat, 19 Sep 2026 08:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799278 Penalty under section 271(1)(c) is unsustainable merely because an interest claim under section 36(1)(iii) is partly disallowed. Concealment or furnishing inaccurate particulars requires evidence that income was hidden, particulars were incorrect, erroneous or false, or material facts relevant to computation were withheld. Where the interest claim rests on fully disclosed facts and the disallowance is limited in quantum proceedings, rejection of the claim alone does not establish the statutory default; the penalty is liable to deletion. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799278