https://www.taxtmi.com/caselaws?id=473213 Retaining both penalty charges in an initial notice does not invalidate the penalty where the final show-cause notice identifies furnishing inaccurate particulars as the charge and the taxpayer knows the charge before imposition. A fully disclosed leave encashment deduction claimed in good faith under a judicial decision prevailing when the return was filed does not amount to furnishing inaccurate particulars merely because the claim is disallowed, even if that decision is later reversed. Disclosure included the provision and its non-payment by the filing due date. en-us Tue, 29 Apr 2025 00:00:00 +0530 Mon, 09 Nov 2026 15:40:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=473213 Retaining both penalty charges in an initial notice does not invalidate the penalty where the final show-cause notice identifies furnishing inaccurate particulars as the charge and the taxpayer knows the charge before imposition. A fully disclosed leave encashment deduction claimed in good faith under a judicial decision prevailing when the return was filed does not amount to furnishing inaccurate particulars merely because the claim is disallowed, even if that decision is later reversed. Disclosure included the provision and its non-payment by the filing due date. Case-Laws Income Tax Tue, 29 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=473213