https://www.taxtmi.com/caselaws?id=189055 A prior assessment finding that a receipt was income from undisclosed sources was treated as relevant and sufficient material to sustain a penalty for concealment under section 28(1)(c) of the Indian Income-tax Act, because once the income was not disclosed in the return, concealment could follow unless rebutted in the penalty proceedings. The assessment finding was not conclusive, but it was enough to support the penalty on the available material. The absence of any rebuttal in the penalty proceedings reinforced the conclusion that concealment was established, and the penalty was upheld. en-us Thu, 06 Aug 1964 00:00:00 +0530 Tue, 27 Dec 2016 10:44:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189055 A prior assessment finding that a receipt was income from undisclosed sources was treated as relevant and sufficient material to sustain a penalty for concealment under section 28(1)(c) of the Indian Income-tax Act, because once the income was not disclosed in the return, concealment could follow unless rebutted in the penalty proceedings. The assessment finding was not conclusive, but it was enough to support the penalty on the available material. The absence of any rebuttal in the penalty proceedings reinforced the conclusion that concealment was established, and the penalty was upheld. Case-Laws Income Tax Thu, 06 Aug 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189055