https://www.taxtmi.com/caselaws?id=26004 Penalty for concealment under section 28(1)(c) of the Indian Income-tax Act, 1922, requires the Revenue to prove by relevant material that the disputed receipts were income and that concealment or inaccurate particulars were furnished consciously and deliberately. Findings in assessment proceedings may be relevant, but they are not conclusive in penalty proceedings. Mere rejection of the assessee's explanation, without further evidence showing concealment, is insufficient. On the material considered, the penalty was held unjustified and the issue was answered in favour of the assessee. en-us Wed, 28 Nov 1984 00:00:00 +0530 Tue, 02 Feb 2010 12:21:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26004 Penalty for concealment under section 28(1)(c) of the Indian Income-tax Act, 1922, requires the Revenue to prove by relevant material that the disputed receipts were income and that concealment or inaccurate particulars were furnished consciously and deliberately. Findings in assessment proceedings may be relevant, but they are not conclusive in penalty proceedings. Mere rejection of the assessee's explanation, without further evidence showing concealment, is insufficient. On the material considered, the penalty was held unjustified and the issue was answered in favour of the assessee. Case-Laws Income Tax Wed, 28 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26004