https://www.taxtmi.com/caselaws?id=63972 The Tribunal partially ruled in favor of the revenue regarding penalties for late filing but against them for concealment of income. The Commissioner's order setting aside the penalty for concealment was deemed illegal, and penalties for late filing were reassessed under section 271(1) of the Act. The Tribunal upheld the cancellation of the penalty for concealment but directed a reassessment of late filing penalties. en-us Mon, 12 Oct 1992 00:00:00 +0530 Wed, 02 Feb 2011 18:44:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63972 The Tribunal partially ruled in favor of the revenue regarding penalties for late filing but against them for concealment of income. The Commissioner's order setting aside the penalty for concealment was deemed illegal, and penalties for late filing were reassessed under section 271(1) of the Act. The Tribunal upheld the cancellation of the penalty for concealment but directed a reassessment of late filing penalties. Case-Laws Income Tax Mon, 12 Oct 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63972