https://www.taxtmi.com/caselaws?id=66500 The Tribunal canceled penalties imposed under section 271(1)(c) for assessment years 1975-76 to 1979-80, totaling Rs. 9,53,073, as it found the department failed to prove conscious income concealment by inflating lorry freight charges. The assessee's appeals were allowed, emphasizing the lack of evidence supporting deliberate concealment. en-us Thu, 28 May 1987 00:00:00 +0530 Sat, 26 Feb 2011 11:56:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66500 The Tribunal canceled penalties imposed under section 271(1)(c) for assessment years 1975-76 to 1979-80, totaling Rs. 9,53,073, as it found the department failed to prove conscious income concealment by inflating lorry freight charges. The assessee's appeals were allowed, emphasizing the lack of evidence supporting deliberate concealment. Case-Laws Income Tax Thu, 28 May 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66500