https://www.taxtmi.com/highlights?id=13563 Penalty u/s 271(1)(c) - merely because the assessee agreed for addition and accordingly assessment order was passed on the basis of this addition and when the assessee has paid the tax and the interest thereon in the absence of any material on record to show the concealment of income - it cannot be inferred that the said addition is on account of concealment - HC en-us Wed, 24 Jul 2013 17:41:32 +0530 Wed, 24 Jul 2013 17:41:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=13563 Penalty u/s 271(1)(c) - merely because the assessee agreed for addition and accordingly assessment order was passed on the basis of this addition and when the assessee has paid the tax and the interest thereon in the absence of any material on record to show the concealment of income - it cannot be inferred that the said addition is on account of concealment - HC Highlights Income Tax Wed, 24 Jul 2013 17:41:32 +0530 https://www.taxtmi.com/highlights?id=13563