https://www.taxtmi.com/caselaws?id=179696 The High Court of Bombay upheld the deletion of penalty under Section 271(1)(c) of the Income Tax Act, ruling that no penalty should be imposed when facts are consistent with both concealed and non-concealed income. The appeal was dismissed with no costs. en-us Wed, 05 Aug 2009 00:00:00 +0530 Tue, 08 Mar 2016 12:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179696 The High Court of Bombay upheld the deletion of penalty under Section 271(1)(c) of the Income Tax Act, ruling that no penalty should be imposed when facts are consistent with both concealed and non-concealed income. The appeal was dismissed with no costs. Case-Laws Income Tax Wed, 05 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179696