https://www.taxtmi.com/caselaws?id=64313 The Tribunal dismissed the Revenue's appeal, upholding the cancellation of the penalty under section 271(1)(c) imposed by the AO. The decision was based on the lack of evidence to establish deliberate concealment of income and the absence of recorded satisfaction by the AO before initiating penalty proceedings. en-us Thu, 31 Jul 2003 00:00:00 +0530 Mon, 07 Feb 2011 11:17:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64313 The Tribunal dismissed the Revenue's appeal, upholding the cancellation of the penalty under section 271(1)(c) imposed by the AO. The decision was based on the lack of evidence to establish deliberate concealment of income and the absence of recorded satisfaction by the AO before initiating penalty proceedings. Case-Laws Income Tax Thu, 31 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64313