https://www.taxtmi.com/caselaws?id=418251 The High Court exercised discretion to condone the delay in filing the appeal under Section 260A of the Income Tax Act due to insufficient explanation provided by the appellant. Regarding concealment of income and penalty imposition under Section 271(1)(c), the court upheld the decisions of the CIT(A) and the Tribunal, dismissing the revenue's appeal. The court found no evidence of wilful misconduct by the assessee and answered substantial questions of law against the revenue, concluding the case in favor of the assessee. en-us Tue, 08 Feb 2022 00:00:00 +0530 Fri, 11 Feb 2022 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418251 The High Court exercised discretion to condone the delay in filing the appeal under Section 260A of the Income Tax Act due to insufficient explanation provided by the appellant. Regarding concealment of income and penalty imposition under Section 271(1)(c), the court upheld the decisions of the CIT(A) and the Tribunal, dismissing the revenue's appeal. The court found no evidence of wilful misconduct by the assessee and answered substantial questions of law against the revenue, concluding the case in favor of the assessee. Case-Laws Income Tax Tue, 08 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418251