https://www.taxtmi.com/caselaws?id=325462 The Tribunal found no merit in confirming the penalty for concealment under section 271(1)(c) of the Income Tax Act, 1961, and directed the Assessing Officer to delete the penalty. Consequently, the appeal of the assessee was allowed, and the penalty was set aside. en-us Thu, 11 Feb 2016 00:00:00 +0530 Sat, 04 Jun 2016 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325462 The Tribunal found no merit in confirming the penalty for concealment under section 271(1)(c) of the Income Tax Act, 1961, and directed the Assessing Officer to delete the penalty. Consequently, the appeal of the assessee was allowed, and the penalty was set aside. Case-Laws Income Tax Thu, 11 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325462