https://www.taxtmi.com/caselaws?id=26166 The High Court upheld penalties under section 271(1)(c) of the Income-tax Act for the assessment years 1964-65 and 1966-67. The Tribunal's cancellation of penalties was deemed erroneous as evidence indicated income concealment and provision of inaccurate particulars by the assessee. The Court found that the Tribunal's decisions contradicted factual findings, supporting the Revenue's position that penalties were warranted. en-us Tue, 03 Jan 1984 00:00:00 +0530 Wed, 03 Feb 2010 12:42:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26166 The High Court upheld penalties under section 271(1)(c) of the Income-tax Act for the assessment years 1964-65 and 1966-67. The Tribunal's cancellation of penalties was deemed erroneous as evidence indicated income concealment and provision of inaccurate particulars by the assessee. The Court found that the Tribunal's decisions contradicted factual findings, supporting the Revenue's position that penalties were warranted. Case-Laws Income Tax Tue, 03 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26166