https://www.taxtmi.com/caselaws?id=66949 The appeal was allowed, the penalty under section 271(1)(c) of the IT Act, 1961 for alleged concealment of income was set aside, and the impugned order was quashed. The Tribunal found no grounds for penalty imposition, considering the conduct and explanations provided by the assessee throughout the proceedings. en-us Mon, 31 Mar 1975 00:00:00 +0530 Tue, 08 Mar 2011 12:59:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66949 The appeal was allowed, the penalty under section 271(1)(c) of the IT Act, 1961 for alleged concealment of income was set aside, and the impugned order was quashed. The Tribunal found no grounds for penalty imposition, considering the conduct and explanations provided by the assessee throughout the proceedings. Case-Laws Income Tax Mon, 31 Mar 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66949