A mere omission or negligence would not constitute a deliberate ...

Case Laws     Income Tax

August 18, 2016

A mere omission or negligence would not constitute a deliberate act of either suppressio veri or suggestio falsy. By the mere reason of such concealment or of furnishing of inaccurate particulars alone, the assessee does not, ipso facto, become liable to a penalty. Imposition of penalty is not at all automatic. - AT

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