https://www.taxtmi.com/caselaws?id=17697 The High Court upheld the Tribunal's decision, emphasizing that the concealment of income was not proven, justifying the cancellation of the penalty under section 271(1)(c). The Court highlighted that the findings were based on factual analysis and evidence, precluding the need for a legal reference to the High Court. en-us Fri, 26 Jul 1996 00:00:00 +0530 Thu, 24 Sep 2009 12:26:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17697 The High Court upheld the Tribunal's decision, emphasizing that the concealment of income was not proven, justifying the cancellation of the penalty under section 271(1)(c). The Court highlighted that the findings were based on factual analysis and evidence, precluding the need for a legal reference to the High Court. Case-Laws Income Tax Fri, 26 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17697