https://www.taxtmi.com/caselaws?id=203117 The Hon'ble Delhi High Court clarified that penalties can be imposed under section 271(1)(c) of the Income Tax Act even if income is assessed under normal provisions but ultimately determined under section 115JB. In this case, as the total income was determined under section 115JB, the concealment of income under normal provisions did not lead to tax evasion, resulting in the cancellation of the penalty. The Tribunal allowed both appeals by the Assessee, emphasizing that concealment under normal provisions may not lead to tax evasion when total income is determined under a different section like 115JB. en-us Fri, 21 Jan 2011 00:00:00 +0530 Wed, 04 May 2011 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203117 The Hon'ble Delhi High Court clarified that penalties can be imposed under section 271(1)(c) of the Income Tax Act even if income is assessed under normal provisions but ultimately determined under section 115JB. In this case, as the total income was determined under section 115JB, the concealment of income under normal provisions did not lead to tax evasion, resulting in the cancellation of the penalty. The Tribunal allowed both appeals by the Assessee, emphasizing that concealment under normal provisions may not lead to tax evasion when total income is determined under a different section like 115JB. Case-Laws Income Tax Fri, 21 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203117