https://www.taxtmi.com/caselaws?id=64647 The Tribunal allowed the appeal, canceling the penalty imposed under section 271(1)(c) due to the lack of evidence supporting income concealment. The Tribunal found the penalty unjustified, considering the circumstances and explanations provided by the assessee, and distinguished this case from prior judgments cited by the Departmental Representative. en-us Tue, 18 Dec 1979 00:00:00 +0530 Wed, 09 Feb 2011 11:31:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64647 The Tribunal allowed the appeal, canceling the penalty imposed under section 271(1)(c) due to the lack of evidence supporting income concealment. The Tribunal found the penalty unjustified, considering the circumstances and explanations provided by the assessee, and distinguished this case from prior judgments cited by the Departmental Representative. Case-Laws Income Tax Tue, 18 Dec 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64647