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“furnishing inaccurate particulars”

PenaltySection 271(1)(c)Section 271(1)(c)2,073 judgments

The decision most relied on for furnishing inaccurate particulars is CIT v. Manjunatha Cotton & Ginning Factory (359 ITR 565), cited in 2,590 judgments on BharatTax.

Leading authorities on furnishing inaccurate particulars

CIT v. Manjunatha Cotton & Ginning Factory
359 ITR 565 · 2013 · High Court
2,590
citing judgments

A penalty notice issued under section 274 read with section 271(1)(c) is invalid if it fails to specify whether the penalty proceedings are initiated for concealment of income or for furnishing inaccurate particulars of income. This non-specification vitiates the penalty proceedings.

CIT v. Reliance Petroproducts Pvt. Ltd.
322 ITR 158 · 2010 · Supreme Court
2,228
citing judgments

Penalty under Section 271(1)(c) for furnishing inaccurate particulars or concealment of income is not automatically leviable if the assessee has made a full disclosure of all particulars and the addition or disallowance arises from a difference of opinion.

CIT v. SSA’s Emerald Meadows
73 Taxmann.com 248 · 2016 · Supreme Court
953
citing judgments

A notice issued under Section 274 read with Section 271(1)(c) is invalid if it fails to specify whether penalty proceedings are for concealment of particulars of income or furnishing inaccurate particulars of income. Such lack of specificity vitiates the penalty proceedings.

Ashok Pai v. CIT
292 ITR 11 · 2007 · Supreme Court
812
citing judgments

“Concealment of particulars of income” and “furnishing inaccurate particulars of income” are two distinct offences under Section 271(1)(c) of the Income Tax Act. A penalty cannot be levied under one limb if the show cause notice or basis for penalty specifies the other, as this constitutes a complete variance in the reasons for assuming jurisdiction.

CIT v. SSA’s Emerald Meadows
73 Taxmann.com 241 · 2016 · High Court
791
citing judgments

A penalty notice under section 271(1)(c) read with section 274 of the Income Tax Act is invalid if it fails to specify whether the penalty is for concealment of income or for furnishing incorrect particulars of income.

Mr. Mohd. Farhan A. Shaikh v. ACIT
434 ITR 1 · 2021 · High Court
672
citing judgments

A penalty notice issued under section 274 read with section 271(1)(c) is invalid if it fails to specify the exact charge by not striking off the irrelevant limb (concealment of income or furnishing inaccurate particulars of income). Such an omnibus or vague notice renders the penalty proceedings bad in law, and any penalty imposed on its basis is liable to be quashed.

Dilip N. Shroff v. JCIT
291 ITR 519 · 2007 · Supreme Court
565
citing judgments

A penalty notice issued under Section 271(1)(c) is invalid if the Assessing Officer fails to strike out the inapplicable limb (concealment or furnishing inaccurate particulars) from the standard proforma, indicating non-application of mind. The initial burden of proving concealment or inaccurate particulars rests on the Revenue.

CIT v. Kaushalya
216 ITR 660 · 1995 · High Court
511
citing judgments

A penalty levied under Section 271(1)(c) for concealment or furnishing inaccurate particulars of income is not invalidated by the Assessing Officer's failure to strike off irrelevant portions in the show cause notice, provided the assessee understood the exact charge and suffered no prejudice, indicating an application of mind by the AO.

Judgments citing furnishing inaccurate particulars

Radha Chandrababu Panikar, Ahmedabad vs. Income Tax Officer, Ward-3(2)(9), Ahmedabad

ITA 959/AHD/2025[2011-12]Status: DisposedITAT Ahmedabad27 Aug 2025AY 2011-12

Bench: Smt. Annapurna Guptaआयकर अपील सं./I.T.A. Nos. 958 & 959/Ahd/2025 (िनधा"रण वष" / Assessment Year : 2011-12) बनाम/ Radha Chandrababu Income Tax Officer Panikar Ward-3(2)(9), Vs. 28, Ramnagar, Nr. Ambica Ahmedabad Tube Colony, Station Road, Vatva, Ahmedabad, Gujarat – 382445 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Apupp1233M (Appellant) .. (Respondent) अपीलाथ" ओर से /Appellant By : Shri Chetan Agarwal, A.R. ""यथ" क" ओर से/Respondent By : Shri Nitin Kulkarni, Sr. Dr 19/08/2025 Date Of Hearing Date Of Pronouncement 27/08/2025 O R D E R Both The Appeals Relate To The Same Assessee & Pertain To The Same Assessment Year (A.Y.) 2011-12; While One Is Against The Order Passed By The Ld. Commissioner Of Income Tax (Appeals)(In Short “Cit(A)”), National Faceless Appeal Centre (Hereinafter Referred To As “Nfac”), Delhi Dated 07.03.2025 In Quantum Proceedings In Assessment Order Passed Under Section 147 Of The Income Tax Act, 1961 (Hereinafter Referred To As The “Act”), The Other Appeal Lies Against Order Of The Ld. Cit(A) Confirming The Levy Of Penalty Under Section 271(1)(C) Of The Act On The Addition Made To The Income Of The Assessee In The Quantum Proceedings.

For Appellant: Shri Chetan Agarwal, A.RFor Respondent: Shri Nitin Kulkarni, Sr. DR
Section 144Section 147Section 271(1)(c)

Taking up appeal pertaining to penalty levied in ITA No.959/Ahd/2025, the penalty was levied u/s.271(1)(c) of the Act for having furnished inaccurate particulars on income / concealed particulars of income relevant to addition made on account of cash found deposited in her bank account during the year. Since ... assessee’s appeal in ITA No.958/Ahd/2025, therefore, there remains no basis at all for levying any penalty on the assessee for concealing or furnishing inaccurate particulars of income. The penalty so ITA Nos. 958 & 959/Ahd/2025 [Radha Chandrababu Panikar vs. ITO] A.Y. 2011-12 - 5 – levied amounting to Rs.2

Radha Chandrababu Panikar, Ahmedabad vs. Income Tax Officer, Ward 3(2)(9), Ahmedabad

ITA 958/AHD/2025[2011-12]Status: DisposedITAT Ahmedabad27 Aug 2025AY 2011-12

Bench: Smt. Annapurna Guptaआयकर अपील सं./I.T.A. Nos. 958 & 959/Ahd/2025 (िनधा"रण वष" / Assessment Year : 2011-12) बनाम/ Radha Chandrababu Income Tax Officer Panikar Ward-3(2)(9), Vs. 28, Ramnagar, Nr. Ambica Ahmedabad Tube Colony, Station Road, Vatva, Ahmedabad, Gujarat – 382445 "थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Apupp1233M (Appellant) .. (Respondent) अपीलाथ" ओर से /Appellant By : Shri Chetan Agarwal, A.R. ""यथ" क" ओर से/Respondent By : Shri Nitin Kulkarni, Sr. Dr 19/08/2025 Date Of Hearing Date Of Pronouncement 27/08/2025 O R D E R Both The Appeals Relate To The Same Assessee & Pertain To The Same Assessment Year (A.Y.) 2011-12; While One Is Against The Order Passed By The Ld. Commissioner Of Income Tax (Appeals)(In Short “Cit(A)”), National Faceless Appeal Centre (Hereinafter Referred To As “Nfac”), Delhi Dated 07.03.2025 In Quantum Proceedings In Assessment Order Passed Under Section 147 Of The Income Tax Act, 1961 (Hereinafter Referred To As The “Act”), The Other Appeal Lies Against Order Of The Ld. Cit(A) Confirming The Levy Of Penalty Under Section 271(1)(C) Of The Act On The Addition Made To The Income Of The Assessee In The Quantum Proceedings.

For Appellant: Shri Chetan Agarwal, A.RFor Respondent: Shri Nitin Kulkarni, Sr. DR
Section 144Section 147Section 271(1)(c)

Taking up appeal pertaining to penalty levied in ITA No.959/Ahd/2025, the penalty was levied u/s.271(1)(c) of the Act for having furnished inaccurate particulars on income / concealed particulars of income relevant to addition made on account of cash found deposited in her bank account during the year. Since ... assessee’s appeal in ITA No.958/Ahd/2025, therefore, there remains no basis at all for levying any penalty on the assessee for concealing or furnishing inaccurate particulars of income. The penalty so ITA Nos. 958 & 959/Ahd/2025 [Radha Chandrababu Panikar vs. ITO] A.Y. 2011-12 - 5 – levied amounting to Rs.2