It was held that the two defaults, concealment of income and furnishing of inaccurate particulars of income, are separate and distinct defaults which operate in their exclusive fields and the imposition of penalty by the Assessing Officer qua the solitary addition for both defaults contemplated in section 271(1)(c) of the Act was not sustainable. When the Assessing Officer while completing the assessment had in the body of the assessment order initiated the penalty proceedings under section 271(1)(c) for the default of concealment of income, there was no justification on his part in imposing penalty for both defaults, concealment of income and furnishing of inaccurate particulars of income. The order imposing penalty of Rs. 31,730 imposed by the Assessing Officer under section 271(1)(c) was liable to be quashed.(AY. 2013-14, 2014-15)