https://www.taxtmi.com/caselaws?id=27105 The court, referencing precedent, held that concealment for penalty purposes under section 271(1)(c) of the Income Tax Act is determined at the time of original return filing, not subsequent revised returns. The penalty should align with the law applicable at the time of initial concealment, emphasizing the significance of identifying the date of concealment. This decision clarifies the application of penalty provisions in cases involving concealed income and revised returns, providing guidance on assessing penalties under the Income Tax Act based on the timing of concealment. en-us Wed, 14 Nov 1984 00:00:00 +0530 Wed, 10 Feb 2010 17:29:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27105 The court, referencing precedent, held that concealment for penalty purposes under section 271(1)(c) of the Income Tax Act is determined at the time of original return filing, not subsequent revised returns. The penalty should align with the law applicable at the time of initial concealment, emphasizing the significance of identifying the date of concealment. This decision clarifies the application of penalty provisions in cases involving concealed income and revised returns, providing guidance on assessing penalties under the Income Tax Act based on the timing of concealment. Case-Laws Income Tax Wed, 14 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27105