https://www.taxtmi.com/highlights?id=50337 Rectification of mistake - Penalty u/s 271(1)(c) - Since the concealment of income referred to in 271(1)(c) of the Act is in respect of tax sought to be evaded is defined in Explanation 4 w.r.t. the income and the potential tax effect, the issue is required to be debated by long drawn process to decide the issue and cannot be adjudicated u/s 154 of the Act. en-us Fri, 22 Nov 2019 10:00:52 +0530 Fri, 22 Nov 2019 10:00:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50337 Rectification of mistake - Penalty u/s 271(1)(c) - Since the concealment of income referred to in 271(1)(c) of the Act is in respect of tax sought to be evaded is defined in Explanation 4 w.r.t. the income and the potential tax effect, the issue is required to be debated by long drawn process to decide the issue and cannot be adjudicated u/s 154 of the Act. Highlights Income Tax Fri, 22 Nov 2019 10:00:52 +0530 https://www.taxtmi.com/highlights?id=50337