https://www.taxtmi.com/caselaws?id=67127 The Tribunal allowed one appeal and dismissed another, reinstating the penalty under section 271(1)(c) while maintaining the cancellation of the penalty under section 271(1)(b) due to procedural deficiencies in the ITO's order. The assessee's failure to provide substantial evidence to counter concealment charges led to the restoration of the penalty under section 271(1)(c). en-us Thu, 04 May 1989 00:00:00 +0530 Wed, 09 Mar 2011 12:05:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67127 The Tribunal allowed one appeal and dismissed another, reinstating the penalty under section 271(1)(c) while maintaining the cancellation of the penalty under section 271(1)(b) due to procedural deficiencies in the ITO's order. The assessee's failure to provide substantial evidence to counter concealment charges led to the restoration of the penalty under section 271(1)(c). Case-Laws Income Tax Thu, 04 May 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67127