https://www.taxtmi.com/caselaws?id=17766 The High Court dismissed the application filed by the Commissioner of Income-tax seeking direction to refer a question of law regarding the deletion of penalty under section 271(1)(c) for the assessment year 1985-86. The Tribunal's decision to delete the penalty was upheld, emphasizing the absence of conscious concealment of income due to the assessee's voluntary surrender before detection of concealment. The Court affirmed that no legal question arose from the case, highlighting the importance of proving mens rea for penalty under section 271(1)(c) and the impact of voluntary disclosure on demonstrating the lack of deliberate concealment of income. en-us Tue, 02 Apr 1996 00:00:00 +0530 Thu, 24 Sep 2009 16:27:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17766 The High Court dismissed the application filed by the Commissioner of Income-tax seeking direction to refer a question of law regarding the deletion of penalty under section 271(1)(c) for the assessment year 1985-86. The Tribunal's decision to delete the penalty was upheld, emphasizing the absence of conscious concealment of income due to the assessee's voluntary surrender before detection of concealment. The Court affirmed that no legal question arose from the case, highlighting the importance of proving mens rea for penalty under section 271(1)(c) and the impact of voluntary disclosure on demonstrating the lack of deliberate concealment of income. Case-Laws Income Tax Tue, 02 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17766