https://www.taxtmi.com/caselaws?id=8374 The court held that the Inspecting Assistant Commissioner lacked jurisdiction to impose a penalty under section 271(1)(c) for concealment of income as the penalty basis shifted from concealment to furnishing inaccurate particulars without proper process. The High Court ruled against the Commissioner, directing them to bear the costs of the reference to the assessee. en-us Fri, 17 Sep 1971 00:00:00 +0530 Fri, 10 Apr 2009 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8374 The court held that the Inspecting Assistant Commissioner lacked jurisdiction to impose a penalty under section 271(1)(c) for concealment of income as the penalty basis shifted from concealment to furnishing inaccurate particulars without proper process. The High Court ruled against the Commissioner, directing them to bear the costs of the reference to the assessee. Case-Laws Income Tax Fri, 17 Sep 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8374