https://www.taxtmi.com/caselaws?id=63584 Where the return disclosed a loss and the assessment only reduced that loss, concealment penalty under section 271(1)(c) was held not to apply because both figures remained within the field of loss. The penalty sustained by the first appellate authority was therefore cancelled. en-us Fri, 23 Feb 2001 00:00:00 +0530 Mon, 31 Jan 2011 18:31:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63584 Where the return disclosed a loss and the assessment only reduced that loss, concealment penalty under section 271(1)(c) was held not to apply because both figures remained within the field of loss. The penalty sustained by the first appellate authority was therefore cancelled. Case-Laws Income Tax Fri, 23 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63584