https://www.taxtmi.com/caselaws?id=16937 The High Court affirmed the Income-tax Appellate Tribunal's decision to impose penalties under section 271(1)(c) of the Income-tax Act for concealment of income related to contract works for the assessment year 1967-68. The Court upheld the penalties based on discrepancies in the revised income figures and concluded that the penalties were justified, ruling in favor of the Revenue against the assessee. The matter was referred to the Income-tax Appellate Tribunal, Cochin Bench, as per legal requirements. en-us Mon, 09 Sep 1996 00:00:00 +0530 Mon, 14 Sep 2009 11:48:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16937 The High Court affirmed the Income-tax Appellate Tribunal's decision to impose penalties under section 271(1)(c) of the Income-tax Act for concealment of income related to contract works for the assessment year 1967-68. The Court upheld the penalties based on discrepancies in the revised income figures and concluded that the penalties were justified, ruling in favor of the Revenue against the assessee. The matter was referred to the Income-tax Appellate Tribunal, Cochin Bench, as per legal requirements. Case-Laws Income Tax Mon, 09 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16937