https://www.taxtmi.com/caselaws?id=800879 For penalty purposes in reassessment, the return filed in response to a notice for reassessment is the relevant disclosure. Where that return discloses the gross receipts and income and the reassessment accepts the returned income without enhancement, addition or disallowance, no concealment or furnishing of inaccurate particulars arises from that return. Deemed concealment does not apply where an original return was filed and the relevant statutory explanation is not invoked. Penalty computation also cannot operate without a difference between returned and assessed income; penalty for concealment is therefore not leviable. en-us Tue, 15 Sep 2026 00:00:00 +0530 Tue, 13 Oct 2026 07:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800879 For penalty purposes in reassessment, the return filed in response to a notice for reassessment is the relevant disclosure. Where that return discloses the gross receipts and income and the reassessment accepts the returned income without enhancement, addition or disallowance, no concealment or furnishing of inaccurate particulars arises from that return. Deemed concealment does not apply where an original return was filed and the relevant statutory explanation is not invoked. Penalty computation also cannot operate without a difference between returned and assessed income; penalty for concealment is therefore not leviable. Case-Laws Income Tax Tue, 15 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800879