https://www.taxtmi.com/caselaws?id=22621 Disclosure of prize money receipts in Part IV of the return was treated as sufficient to negate concealment and furnishing of inaccurate particulars for penalty under section 271(1)(c) of the Income-tax Act, 1961. The earlier view applied was that disclosure in Part IV does not amount to concealment where the relevant income particulars are placed on record, so the Revenue's objection that the income was not fully and truly disclosed failed. On that basis, the penalty was cancelled and the assessee succeeded. en-us Wed, 27 Feb 1991 00:00:00 +0530 Fri, 11 Dec 2009 15:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22621 Disclosure of prize money receipts in Part IV of the return was treated as sufficient to negate concealment and furnishing of inaccurate particulars for penalty under section 271(1)(c) of the Income-tax Act, 1961. The earlier view applied was that disclosure in Part IV does not amount to concealment where the relevant income particulars are placed on record, so the Revenue's objection that the income was not fully and truly disclosed failed. On that basis, the penalty was cancelled and the assessee succeeded. Case-Laws Income Tax Wed, 27 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22621