https://www.taxtmi.com/caselaws?id=472158 Penalties for concealment of income or furnishing inaccurate particulars under Section 271(1)(c) are unsustainable where returns filed in reassessment proceedings are accepted without additions or modifications. Acceptance of the returned income removes the factual foundation for alleging concealment or inaccurate particulars. On these facts, failure to file original returns does not independently sustain the penalty, and deletion of the penalties follows. en-us Thu, 17 Apr 2025 00:00:00 +0530 Thu, 01 Oct 2026 07:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472158 Penalties for concealment of income or furnishing inaccurate particulars under Section 271(1)(c) are unsustainable where returns filed in reassessment proceedings are accepted without additions or modifications. Acceptance of the returned income removes the factual foundation for alleging concealment or inaccurate particulars. On these facts, failure to file original returns does not independently sustain the penalty, and deletion of the penalties follows. Case-Laws Income Tax Thu, 17 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472158