Valuation substitution u/s 50C doesn't imply income concealment or inaccurate details, no penalty warranted. https://www.taxtmi.com/highlights?id=6893 Penalty for concealment – Just because there is a substitution of valuation u/s 50C as the fair value, it cannot be said that there was any concealment of income or furnishing of inaccurate particulars - AT en-us Tue, 19 Feb 2013 07:59:06 +0530 Tue, 19 Feb 2013 07:59:06 +0530 TaxTMI RSS Generator Valuation substitution u/s 50C doesn't imply income concealment or inaccurate details, no penalty warranted. https://www.taxtmi.com/highlights?id=6893 Penalty for concealment – Just because there is a substitution of valuation u/s 50C as the fair value, it cannot be said that there was any concealment of income or furnishing of inaccurate particulars - AT Highlights Income Tax Tue, 19 Feb 2013 07:59:06 +0530 https://www.taxtmi.com/highlights?id=6893