https://www.taxtmi.com/caselaws?id=176539 Penalty under section 28(1)(c) of the Income-tax Act, 1922 may be imposed in reassessment proceedings under section 34 where an assessee had initially concealed income. The court reasoned that concealment is not confined to the original return; it can arise in the return filed in response to the section 34 notice, because the phrases "in the course of any proceedings" and "as returned" are wide enough to cover reassessment proceedings for the same assessee and assessment year. Acceptance of a later corrected return does not erase an earlier deliberate default, so the penalty power continues to apply. en-us Fri, 20 Mar 1959 00:00:00 +0530 Thu, 24 Dec 2015 10:41:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176539 Penalty under section 28(1)(c) of the Income-tax Act, 1922 may be imposed in reassessment proceedings under section 34 where an assessee had initially concealed income. The court reasoned that concealment is not confined to the original return; it can arise in the return filed in response to the section 34 notice, because the phrases "in the course of any proceedings" and "as returned" are wide enough to cover reassessment proceedings for the same assessee and assessment year. Acceptance of a later corrected return does not erase an earlier deliberate default, so the penalty power continues to apply. Case-Laws Income Tax Fri, 20 Mar 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176539