https://www.taxtmi.com/caselaws?id=61929 The Tribunal allowed the appeals, cancelling the penalties levied under section 271(1)(c) for the assessment years 1979-80 and 1980-81. The revenue failed to establish that the assessee had concealed income or furnished inaccurate particulars of income in relation to various alleged sources of income, including toddy business, Archana Jewellery, minor children's share income, unexplained investments, and income from house property. en-us Tue, 21 Sep 1993 00:00:00 +0530 Mon, 17 Jan 2011 11:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61929 The Tribunal allowed the appeals, cancelling the penalties levied under section 271(1)(c) for the assessment years 1979-80 and 1980-81. The revenue failed to establish that the assessee had concealed income or furnished inaccurate particulars of income in relation to various alleged sources of income, including toddy business, Archana Jewellery, minor children's share income, unexplained investments, and income from house property. Case-Laws Income Tax Tue, 21 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61929