S. 271(1)(c) of Income Tax not attractable when Assessee fully disclosed particulars in Returns filed: Calcutta HC dismisses Petition

The Calcutta High Court ruled that Section 271(1)(c) of the Income Tax Act, which deals with penalties for concealment of income or inaccurate particulars, is not applicable when an assessee fully discloses all relevant particulars in their tax returns. The case involved a taxpayer who had disclosed all income details but was still penalized. The court dismissed the penalty, stating that mere disclosure is sufficient to avoid penalties under this section. This ruling reinforces the principle that penalties should not be imposed when there is no deliberate concealment or misrepresentation by the taxpayer.