https://www.taxtmi.com/caselaws?id=13145 The HC dismissed the Revenue's appeal in limine, upholding the Tribunal's relief to the assessee and refusing to sustain penalty under section 271(1)(c) for concealment of income. Although certain expenses were partly disallowed, the court found no proof of fraud, wilful neglect, or false particulars; the assessee's explanation was plausible and partly accepted. The Explanation to the provision could not be invoked, and no interference with the Tribunal's findings was warranted. en-us Tue, 07 Aug 2001 00:00:00 +0530 Fri, 03 Oct 2025 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13145 The HC dismissed the Revenue's appeal in limine, upholding the Tribunal's relief to the assessee and refusing to sustain penalty under section 271(1)(c) for concealment of income. Although certain expenses were partly disallowed, the court found no proof of fraud, wilful neglect, or false particulars; the assessee's explanation was plausible and partly accepted. The Explanation to the provision could not be invoked, and no interference with the Tribunal's findings was warranted. Case-Laws Income Tax Tue, 07 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13145