https://www.taxtmi.com/caselaws?id=68088 The Tribunal held that the Department failed to prove that the income in question was concealed by the assessee. It was determined that the assessee did not conceal or provide inaccurate particulars of income, thus not warranting a penalty under Section 271(1)(c) of the IT Act. Consequently, the penalty imposed by the Assessing Officer was revoked, and the appeal by the assessee was successful. en-us Tue, 16 Mar 1993 00:00:00 +0530 Wed, 16 Mar 2011 18:21:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68088 The Tribunal held that the Department failed to prove that the income in question was concealed by the assessee. It was determined that the assessee did not conceal or provide inaccurate particulars of income, thus not warranting a penalty under Section 271(1)(c) of the IT Act. Consequently, the penalty imposed by the Assessing Officer was revoked, and the appeal by the assessee was successful. Case-Laws Income Tax Tue, 16 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68088