https://www.taxtmi.com/caselaws?id=75603 The Court dismissed the appeal, affirming the Tribunal's decision that the penalty under section 271(1)(c) could not be upheld until the fresh assessment was completed. The Court emphasized that concealment could not be established without final adjudication on the income addition issue. The Tribunal's direction to initiate penalty proceedings in a fresh assessment after the limitation period had expired was deemed legally unjustified. en-us Wed, 02 Sep 2009 00:00:00 +0530 Fri, 01 Feb 2013 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75603 The Court dismissed the appeal, affirming the Tribunal's decision that the penalty under section 271(1)(c) could not be upheld until the fresh assessment was completed. The Court emphasized that concealment could not be established without final adjudication on the income addition issue. The Tribunal's direction to initiate penalty proceedings in a fresh assessment after the limitation period had expired was deemed legally unjustified. Case-Laws Income Tax Wed, 02 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75603