Furnishing incorrect particulars and concealing the particulars of income are different things. The requirement of concealment of income is that income has not been declared at all or is not even recorded in the books of account

Excerpt: Furnishing incorrect particulars and concealing the particulars of income are different things. The words "furnishing inaccurate particulars of income" refer to the particulars which have been furnished by an assessee of his income and the requirement of concealment of income is that income has not been declared at all or is not even recorded …