https://www.taxtmi.com/caselaws?id=11365 The High Court set aside the Tribunal's decision canceling the penalty under section 271(1)(c) for lack of concealment. The Court emphasized that the Tribunal failed to consider the Explanation to section 271(1)(c) and instructed a re-examination of the matter, directing the Tribunal to consider the Explanation and relevant legal principles. The case was remitted for fresh disposal with instructions to afford both parties the opportunity to present relevant decisions. en-us Wed, 27 Nov 2002 00:00:00 +0530 Fri, 07 Aug 2009 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11365 The High Court set aside the Tribunal's decision canceling the penalty under section 271(1)(c) for lack of concealment. The Court emphasized that the Tribunal failed to consider the Explanation to section 271(1)(c) and instructed a re-examination of the matter, directing the Tribunal to consider the Explanation and relevant legal principles. The case was remitted for fresh disposal with instructions to afford both parties the opportunity to present relevant decisions. Case-Laws Income Tax Wed, 27 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11365