https://www.taxtmi.com/caselaws?id=284997 Penalty for concealment under section 28(1)(c) of the Income-tax Act, 1922 requires conscious concealment from the assessing authority or deliberate furnishing of inaccurate particulars in the return. Where a guardian filed the return for a Hindu undivided family after the karta's death, and the alleged omissions and fictitious entries were made earlier by the deceased karta in the books, the requisite guilty knowledge was absent in the person filing the return. Preparation to conceal income, without concealment in the return itself, was insufficient. The continuity of the family did not by itself establish penalty liability. The penalty was therefore not validly imposed. en-us Fri, 24 Aug 1956 00:00:00 +0530 Fri, 20 Dec 2019 17:08:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284997 Penalty for concealment under section 28(1)(c) of the Income-tax Act, 1922 requires conscious concealment from the assessing authority or deliberate furnishing of inaccurate particulars in the return. Where a guardian filed the return for a Hindu undivided family after the karta's death, and the alleged omissions and fictitious entries were made earlier by the deceased karta in the books, the requisite guilty knowledge was absent in the person filing the return. Preparation to conceal income, without concealment in the return itself, was insufficient. The continuity of the family did not by itself establish penalty liability. The penalty was therefore not validly imposed. Case-Laws Income Tax Fri, 24 Aug 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284997