https://www.taxtmi.com/caselaws?id=178831 For concealment penalty, the relevant return is the return whose acceptance would have prevented tax avoidance, not a later revised return that has already been accepted. The penalty measure therefore remains tied to the original return where that return formed the basis of the alleged concealment and potential tax evasion. The discussion also notes that, on a reference under section 66, the High Court had no power to remand the matter to the Tribunal for findings left undecided because of an erroneous legal view. The stated conclusion was that the original return governed penalty computation and the assessee's penalty liability was upheld. en-us Fri, 13 Sep 1957 00:00:00 +0530 Sat, 13 Feb 2016 11:42:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178831 For concealment penalty, the relevant return is the return whose acceptance would have prevented tax avoidance, not a later revised return that has already been accepted. The penalty measure therefore remains tied to the original return where that return formed the basis of the alleged concealment and potential tax evasion. The discussion also notes that, on a reference under section 66, the High Court had no power to remand the matter to the Tribunal for findings left undecided because of an erroneous legal view. The stated conclusion was that the original return governed penalty computation and the assessee's penalty liability was upheld. Case-Laws Income Tax Fri, 13 Sep 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178831