https://www.taxtmi.com/caselaws?id=61899 The Tribunal concluded that the penalty provisions for concealment of income under Section 271(1)(c) were not applicable due to the nature of the assets involved and the basis of the addition being estimation differences. The Tribunal upheld the CIT (Appeals)'s decision to cancel the penalty, dismissing the revenue's appeal. en-us Wed, 03 Dec 1997 00:00:00 +0530 Sat, 15 Jan 2011 18:47:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61899 The Tribunal concluded that the penalty provisions for concealment of income under Section 271(1)(c) were not applicable due to the nature of the assets involved and the basis of the addition being estimation differences. The Tribunal upheld the CIT (Appeals)'s decision to cancel the penalty, dismissing the revenue's appeal. Case-Laws Income Tax Wed, 03 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61899