https://www.taxtmi.com/caselaws?id=65768 The Tribunal upheld the penalty order imposed by the ITO and confirmed by the AAC, finding that the assessee concealed income in the original return. The penalty under Section 271(1)(c) was deemed valid and timely, with no bar of limitation for the penalty notice issuance. The claim that the return filed in March 1975 was voluntary was rejected due to lack of evidence, leading to the dismissal of the appeal. en-us Thu, 14 May 1981 00:00:00 +0530 Fri, 18 Feb 2011 16:33:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65768 The Tribunal upheld the penalty order imposed by the ITO and confirmed by the AAC, finding that the assessee concealed income in the original return. The penalty under Section 271(1)(c) was deemed valid and timely, with no bar of limitation for the penalty notice issuance. The claim that the return filed in March 1975 was voluntary was rejected due to lack of evidence, leading to the dismissal of the appeal. Case-Laws Income Tax Thu, 14 May 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65768