https://www.taxtmi.com/caselaws?id=29093 The High Court upheld the Tribunal's decision, ruling in favor of the assessee, finding that the penalty under s. 271(1)(c) of the I.T. Act was not justified due to the lack of evidence of concealment or fraud. The Court rejected the Department's challenge and ordered them to pay the assessee's costs. en-us Wed, 06 Jan 1982 00:00:00 +0530 Wed, 10 Mar 2010 17:12:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29093 The High Court upheld the Tribunal's decision, ruling in favor of the assessee, finding that the penalty under s. 271(1)(c) of the I.T. Act was not justified due to the lack of evidence of concealment or fraud. The Court rejected the Department's challenge and ordered them to pay the assessee's costs. Case-Laws Income Tax Wed, 06 Jan 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29093