https://www.taxtmi.com/caselaws?id=65028 The Tribunal canceled the penalty imposed under section 271(1)(c) of the Income Tax Act, finding no deliberate concealment as the disclosed income was accepted without omission following a survey. Explanation 5 to section 271(1)(c) was deemed inapplicable to survey cases under section 133A. The appeal was allowed, emphasizing the requirement for positive proof of concealment, leading to the penalty cancellation. en-us Tue, 07 Dec 1993 00:00:00 +0530 Fri, 11 Feb 2011 17:35:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65028 The Tribunal canceled the penalty imposed under section 271(1)(c) of the Income Tax Act, finding no deliberate concealment as the disclosed income was accepted without omission following a survey. Explanation 5 to section 271(1)(c) was deemed inapplicable to survey cases under section 133A. The appeal was allowed, emphasizing the requirement for positive proof of concealment, leading to the penalty cancellation. Case-Laws Income Tax Tue, 07 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65028