https://www.taxtmi.com/caselaws?id=66058 The tribunal upheld the penalty under section 271(1)(c) of the Income-tax Act, 1961, against the assessee for deliberate concealment of income. The revised return filed by the assessee was deemed invalid as it was submitted after the original assessment was completed. The Amnesty Scheme was found inapplicable as the concealment was discovered during a search by tax authorities. The tribunal determined that the evidence of systematic concealment of income was clear, leading to the dismissal of the appeal and upholding of the Commissioner of Income-tax (Appeals) order. en-us Fri, 07 Feb 1992 00:00:00 +0530 Mon, 21 Feb 2011 11:37:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66058 The tribunal upheld the penalty under section 271(1)(c) of the Income-tax Act, 1961, against the assessee for deliberate concealment of income. The revised return filed by the assessee was deemed invalid as it was submitted after the original assessment was completed. The Amnesty Scheme was found inapplicable as the concealment was discovered during a search by tax authorities. The tribunal determined that the evidence of systematic concealment of income was clear, leading to the dismissal of the appeal and upholding of the Commissioner of Income-tax (Appeals) order. Case-Laws Income Tax Fri, 07 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66058