https://www.taxtmi.com/caselaws?id=62658 The Tribunal allowed the appeal, quashing the penalty of Rs. 1,44,000 imposed on the individual for not filing a return for the assessment year 1966-67. It held that penalties under section 271(1)(c) for concealment of income require positive acts, not mere inaction of not filing a return. The Tribunal emphasized that in the absence of a filed return, penalty provisions under section 271(1)(c) were inapplicable, suggesting penalty under section 271(1)(a) instead. The decision aligned with precedents from Madras High Court and Kerala High Court, stating that penalty under section 271(1)(c) does not apply when no return is filed. en-us Thu, 20 Jan 1977 00:00:00 +0530 Fri, 21 Jan 2011 10:13:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62658 The Tribunal allowed the appeal, quashing the penalty of Rs. 1,44,000 imposed on the individual for not filing a return for the assessment year 1966-67. It held that penalties under section 271(1)(c) for concealment of income require positive acts, not mere inaction of not filing a return. The Tribunal emphasized that in the absence of a filed return, penalty provisions under section 271(1)(c) were inapplicable, suggesting penalty under section 271(1)(a) instead. The decision aligned with precedents from Madras High Court and Kerala High Court, stating that penalty under section 271(1)(c) does not apply when no return is filed. Case-Laws Income Tax Thu, 20 Jan 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62658