https://www.taxtmi.com/caselaws?id=27956 Penalty for concealment under section 271(1)(c) was held to be governed by the law in force on the date the concealment occurred, so the pre-amendment law applied because the original returns were filed before 1 April 1976. The concealment of contract receipts was complete when the original returns omitted those receipts, and the later revised returns and reassessment did not change the date of default. The reference was answered in favour of the Revenue and against the assessee on both issues. en-us Thu, 07 Jul 1983 00:00:00 +0530 Wed, 17 Feb 2010 10:53:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27956 Penalty for concealment under section 271(1)(c) was held to be governed by the law in force on the date the concealment occurred, so the pre-amendment law applied because the original returns were filed before 1 April 1976. The concealment of contract receipts was complete when the original returns omitted those receipts, and the later revised returns and reassessment did not change the date of default. The reference was answered in favour of the Revenue and against the assessee on both issues. Case-Laws Income Tax Thu, 07 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27956