https://www.taxtmi.com/circulars?id=8895 The explanation to Section 271(1)(c) can support a penalty when concealment is not proven but assessed income exceeds returned income for returns filed after the relevant commencement date; where tribunals disallow such penalties the Board will file references to test the explanation, but will avoid or withdraw references in cases where the explanation was not raised before the Tribunal. en-us Tue, 22 Aug 1972 00:00:00 +0530 Mon, 30 May 2011 17:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8895 The explanation to Section 271(1)(c) can support a penalty when concealment is not proven but assessed income exceeds returned income for returns filed after the relevant commencement date; where tribunals disallow such penalties the Board will file references to test the explanation, but will avoid or withdraw references in cases where the explanation was not raised before the Tribunal. Circulars Income Tax Tue, 22 Aug 1972 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8895