https://www.taxtmi.com/caselaws?id=189024 The Tribunal found that Explanation 5A to Section 271(1)(c) of the Income Tax Act was applicable in the case, upholding the penalty for concealment of income. The Tribunal remanded the matter to address the quantification of concealed income for penalty purposes. The Revenue's appeals were allowed for statistical purposes. en-us Fri, 20 Dec 2013 00:00:00 +0530 Fri, 30 Dec 2016 12:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189024 The Tribunal found that Explanation 5A to Section 271(1)(c) of the Income Tax Act was applicable in the case, upholding the penalty for concealment of income. The Tribunal remanded the matter to address the quantification of concealed income for penalty purposes. The Revenue's appeals were allowed for statistical purposes. Case-Laws Income Tax Fri, 20 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189024