https://www.taxtmi.com/caselaws?id=191280 In penalty proceedings for concealment under section 28(1)(c), a false explanation by the assessee is not by itself sufficient to establish the statutory default. The taxing authority may, however, rely on additional surrounding material, such as shifting explanations, undisclosed receipts, non-disclosure of commission income, and the improbability of the claimed source, to determine whether concealment or furnishing of inaccurate particulars is proved. The Tribunal's error was to treat falsity of the explanation as a complete answer and to ignore the further circumstances relied upon by the department. en-us Fri, 18 Sep 1964 00:00:00 +0530 Tue, 28 Mar 2017 18:15:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191280 In penalty proceedings for concealment under section 28(1)(c), a false explanation by the assessee is not by itself sufficient to establish the statutory default. The taxing authority may, however, rely on additional surrounding material, such as shifting explanations, undisclosed receipts, non-disclosure of commission income, and the improbability of the claimed source, to determine whether concealment or furnishing of inaccurate particulars is proved. The Tribunal's error was to treat falsity of the explanation as a complete answer and to ignore the further circumstances relied upon by the department. Case-Laws Income Tax Fri, 18 Sep 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191280