https://www.taxtmi.com/caselaws?id=22296 A disclosure of prize-money receipts in Part IV of a return did not protect the assessee from penalty under section 271(1)(c) where the claim was found to be false and used to camouflage concealed income. The inclusion of the figure in the return was held not to amount to an honest, true and full disclosure, because the Explanation to section 271(1)(c) was not rebutted. On that basis, disclosure of the receipt did not prevent a finding of inaccurate particulars, and the penalty was treated as sustainable on the issues considered. en-us Wed, 12 Jun 1991 00:00:00 +0530 Wed, 09 Dec 2009 10:41:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22296 A disclosure of prize-money receipts in Part IV of a return did not protect the assessee from penalty under section 271(1)(c) where the claim was found to be false and used to camouflage concealed income. The inclusion of the figure in the return was held not to amount to an honest, true and full disclosure, because the Explanation to section 271(1)(c) was not rebutted. On that basis, disclosure of the receipt did not prevent a finding of inaccurate particulars, and the penalty was treated as sustainable on the issues considered. Case-Laws Income Tax Wed, 12 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22296