https://www.taxtmi.com/caselaws?id=240200 The High Court dismissed the income tax appeal, affirming the ITAT's decision to delete the penalty under Section 271 (1) (c) due to the revenue department's failure to establish concealment of income through a detailed enquiry. The Court emphasized the importance of proper investigation and providing the assessee with an opportunity to explain, highlighting the penal nature of penalty proceedings. en-us Wed, 13 Nov 2013 00:00:00 +0530 Thu, 28 Nov 2013 00:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240200 The High Court dismissed the income tax appeal, affirming the ITAT's decision to delete the penalty under Section 271 (1) (c) due to the revenue department's failure to establish concealment of income through a detailed enquiry. The Court emphasized the importance of proper investigation and providing the assessee with an opportunity to explain, highlighting the penal nature of penalty proceedings. Case-Laws Income Tax Wed, 13 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240200