https://www.taxtmi.com/caselaws?id=29092 The High Court affirmed the Tribunal's findings, upholding penalties under section 271(1)(c) against the assessee for clear concealment of income. The Court directed relief if granted in a pending petition, with each party bearing its costs. The judgment emphasized the burden on the assessee to prove lack of fraud or neglect, supporting the application of penalty provisions under the Income Tax Act. en-us Wed, 04 Mar 1981 00:00:00 +0530 Wed, 10 Mar 2010 17:10:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29092 The High Court affirmed the Tribunal's findings, upholding penalties under section 271(1)(c) against the assessee for clear concealment of income. The Court directed relief if granted in a pending petition, with each party bearing its costs. The judgment emphasized the burden on the assessee to prove lack of fraud or neglect, supporting the application of penalty provisions under the Income Tax Act. Case-Laws Income Tax Wed, 04 Mar 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29092