https://www.taxtmi.com/caselaws?id=2387 The High Court of Bombay dismissed an application seeking reference on the deletion of a penalty under Section 271(1)(c) of the Income Tax Act, ruling that if an assessee discloses income in the return, there is no concealment, and the penalty cannot be levied. The court found no substantial question of law and dismissed the application. en-us Mon, 25 Jun 2007 00:00:00 +0530 Thu, 31 Jul 2008 11:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2387 The High Court of Bombay dismissed an application seeking reference on the deletion of a penalty under Section 271(1)(c) of the Income Tax Act, ruling that if an assessee discloses income in the return, there is no concealment, and the penalty cannot be levied. The court found no substantial question of law and dismissed the application. Case-Laws Income Tax Mon, 25 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2387