https://www.taxtmi.com/caselaws?id=75693 The Allahabad High Court upheld the Tribunal's decision to delete the penalty under section 271(1)(c) of the Income-tax Act, 1961. The Court found that there was no concealment of income as the explanation provided by the assessee was genuine and supported by evidence submitted to Revenue authorities. The appeal was dismissed without costs as no legal or factual errors were identified in the Tribunal's order, and the factual findings presented were deemed conclusive. en-us Wed, 18 Nov 2009 00:00:00 +0530 Thu, 06 May 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75693 The Allahabad High Court upheld the Tribunal's decision to delete the penalty under section 271(1)(c) of the Income-tax Act, 1961. The Court found that there was no concealment of income as the explanation provided by the assessee was genuine and supported by evidence submitted to Revenue authorities. The appeal was dismissed without costs as no legal or factual errors were identified in the Tribunal's order, and the factual findings presented were deemed conclusive. Case-Laws Income Tax Wed, 18 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75693