https://www.taxtmi.com/highlights?id=6394 Penalty u/s 271(1)(c) - Concealment of income - Evasion of Tax - even after such disallowance, tax finally required to be paid, as per Section 115 JB of the Act, would remain the same. It cannot be stated that the assessee evaded tax. - HC en-us Sat, 05 Jan 2013 21:00:05 +0530 Sat, 05 Jan 2013 21:00:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=6394 Penalty u/s 271(1)(c) - Concealment of income - Evasion of Tax - even after such disallowance, tax finally required to be paid, as per Section 115 JB of the Act, would remain the same. It cannot be stated that the assessee evaded tax. - HC Highlights Income Tax Sat, 05 Jan 2013 21:00:05 +0530 https://www.taxtmi.com/highlights?id=6394