https://www.taxtmi.com/caselaws?id=25712 The court upheld the validity of the penalty order imposed on the assessee for concealing income under section 271(1)(c) of the Income-tax Act, 1961. The Appellate Tribunal's decision to remand the matter for fresh evidence was deemed lawful under section 254, allowing for corrective measures to ensure justice. The court clarified that the Tribunal's actions did not contravene section 275, which sets a limitation period for penalty proceedings, as the Tribunal's powers are not bound by the same restrictions as the primary authority. Ultimately, the court ruled in favor of the Revenue, affirming the imposition of the penalty. en-us Tue, 17 Feb 1987 00:00:00 +0530 Sat, 30 Jan 2010 13:06:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25712 The court upheld the validity of the penalty order imposed on the assessee for concealing income under section 271(1)(c) of the Income-tax Act, 1961. The Appellate Tribunal's decision to remand the matter for fresh evidence was deemed lawful under section 254, allowing for corrective measures to ensure justice. The court clarified that the Tribunal's actions did not contravene section 275, which sets a limitation period for penalty proceedings, as the Tribunal's powers are not bound by the same restrictions as the primary authority. Ultimately, the court ruled in favor of the Revenue, affirming the imposition of the penalty. Case-Laws Income Tax Tue, 17 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25712