https://www.taxtmi.com/caselaws?id=61803 The Appellate Tribunal ITAT COCHIN ruled in three appeals challenging the levy of minimum penalty under section 271(1)(c) for income concealment. The tribunal found no deliberate concealment, attributing the omission to inadvertence. The penalty was canceled for the assessment years in question, emphasizing the significance of intent in penalty imposition for income concealment. en-us Fri, 12 Oct 1990 00:00:00 +0530 Sat, 15 Jan 2011 11:20:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61803 The Appellate Tribunal ITAT COCHIN ruled in three appeals challenging the levy of minimum penalty under section 271(1)(c) for income concealment. The tribunal found no deliberate concealment, attributing the omission to inadvertence. The penalty was canceled for the assessment years in question, emphasizing the significance of intent in penalty imposition for income concealment. Case-Laws Income Tax Fri, 12 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61803