https://www.taxtmi.com/caselaws?id=66326 The Tribunal held that as the concealed income did not surpass the total income assessed, Section 271(1)(c) penalty provisions were inapplicable. Therefore, the appeal was successful, and the penalty was waived. en-us Thu, 18 Sep 1986 00:00:00 +0530 Wed, 23 Feb 2011 15:52:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66326 The Tribunal held that as the concealed income did not surpass the total income assessed, Section 271(1)(c) penalty provisions were inapplicable. Therefore, the appeal was successful, and the penalty was waived. Case-Laws Income Tax Thu, 18 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66326