https://www.taxtmi.com/caselaws?id=27093 The court ruled in favor of the assessee, M/s. Delhi Cloth & General Mills Co. Ltd., in a case involving concealment of income and furnishing inaccurate particulars for the assessment years 1960-61 and 1962-63. The court held that the Revenue failed to prove conscious and deliberate concealment for the penalty imposed under section 271(1)(c) for both years. Consequently, the court found no grounds for the levy of penalties and ruled in favor of the assessee, denying the penalties for both assessment years. en-us Fri, 06 Jan 1984 00:00:00 +0530 Wed, 10 Feb 2010 16:22:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27093 The court ruled in favor of the assessee, M/s. Delhi Cloth & General Mills Co. Ltd., in a case involving concealment of income and furnishing inaccurate particulars for the assessment years 1960-61 and 1962-63. The court held that the Revenue failed to prove conscious and deliberate concealment for the penalty imposed under section 271(1)(c) for both years. Consequently, the court found no grounds for the levy of penalties and ruled in favor of the assessee, denying the penalties for both assessment years. Case-Laws Income Tax Fri, 06 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27093