https://www.taxtmi.com/caselaws?id=27385 The Tribunal held that the penalty under section 271(1)(c) of the Income-tax Act was unjustified as the assessee's claim, although wrongly made, did not amount to concealment of income. The Tribunal emphasized that the Income Tax Officer should determine the apportionment of deductions for premises used for both business and residence. Additionally, the Tribunal found that the cancellation of the penalty by the Appellate Assistant Commissioner was appropriate, as the claim made by the assessee did not constitute concealment of income. Consequently, the Tribunal dismissed the application, with no costs awarded due to the lack of representation from the respondent. en-us Tue, 01 May 1984 00:00:00 +0530 Fri, 12 Feb 2010 14:07:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27385 The Tribunal held that the penalty under section 271(1)(c) of the Income-tax Act was unjustified as the assessee's claim, although wrongly made, did not amount to concealment of income. The Tribunal emphasized that the Income Tax Officer should determine the apportionment of deductions for premises used for both business and residence. Additionally, the Tribunal found that the cancellation of the penalty by the Appellate Assistant Commissioner was appropriate, as the claim made by the assessee did not constitute concealment of income. Consequently, the Tribunal dismissed the application, with no costs awarded due to the lack of representation from the respondent. Case-Laws Income Tax Tue, 01 May 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27385