Expl.1 to section 271(1)(c) provides for the presumption regarding the concealment of income in case where icome is enhanced/expenses are disallowed.
Q.1.Would this explanation also applies in the case of proceedings initiated for "Furnishing of inaccurate particulars"?
Q.2.If no, whether SC decision in the case of Anwar Ali still hold good law in case of furnishing of inaccurate particukars of income?