https://www.taxtmi.com/caselaws?id=176066 Penalty under section 28(1)(c) of the Income-tax Act, 1922 is attracted where the return originally filed was deliberately false or concealed income, and a later attempt to correct it after detection does not cure the default. A request seeking permission to revise the return is not itself a valid revised return, because the Act recognises only a proper revised return filed before assessment and in compliance with statutory requirements of verification and completeness. Such an application therefore cannot defeat the penalty provision, and the concealment remains punishable despite the later attempt to amend the disclosure. en-us Thu, 24 Apr 1952 00:00:00 +0530 Fri, 11 Dec 2015 14:39:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176066 Penalty under section 28(1)(c) of the Income-tax Act, 1922 is attracted where the return originally filed was deliberately false or concealed income, and a later attempt to correct it after detection does not cure the default. A request seeking permission to revise the return is not itself a valid revised return, because the Act recognises only a proper revised return filed before assessment and in compliance with statutory requirements of verification and completeness. Such an application therefore cannot defeat the penalty provision, and the concealment remains punishable despite the later attempt to amend the disclosure. Case-Laws Income Tax Thu, 24 Apr 1952 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176066