https://www.taxtmi.com/caselaws?id=70241 Concealment penalty under the income-tax law depends on both proper authority and proof of culpable conduct. The text states that jurisdiction to impose the penalty lay with the Inspecting Assistant Commissioner, not the Income-tax Officer, making an order by the latter without authority. It also explains that a penalty cannot stand where the underlying addition is based on estimate or guesswork and the record does not establish factual concealment, fraud, or gross or wilful neglect; on those facts, the statutory explanation was treated as inapplicable. en-us Wed, 07 Sep 1983 00:00:00 +0530 Fri, 15 Apr 2011 10:27:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70241 Concealment penalty under the income-tax law depends on both proper authority and proof of culpable conduct. The text states that jurisdiction to impose the penalty lay with the Inspecting Assistant Commissioner, not the Income-tax Officer, making an order by the latter without authority. It also explains that a penalty cannot stand where the underlying addition is based on estimate or guesswork and the record does not establish factual concealment, fraud, or gross or wilful neglect; on those facts, the statutory explanation was treated as inapplicable. Case-Laws Income Tax Wed, 07 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70241