https://www.taxtmi.com/caselaws?id=29140 The High Court held that the assessee's disclosure of prize money as casual income in Part IV of his return was false and intended to mislead authorities. The court found the assessee concealed income and furnished inaccurate particulars, justifying a penalty under Section 271(1)(c) of the Income Tax Act. Additionally, the court determined that the assessee's actions constituted a deliberate attempt to evade tax, failing to rebut the presumption of concealment under the Explanation to Section 271(1)(c). Consequently, the court upheld the levy of the penalty against the assessee. en-us Wed, 29 Apr 1981 00:00:00 +0530 Thu, 11 Mar 2010 11:02:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29140 The High Court held that the assessee's disclosure of prize money as casual income in Part IV of his return was false and intended to mislead authorities. The court found the assessee concealed income and furnished inaccurate particulars, justifying a penalty under Section 271(1)(c) of the Income Tax Act. Additionally, the court determined that the assessee's actions constituted a deliberate attempt to evade tax, failing to rebut the presumption of concealment under the Explanation to Section 271(1)(c). Consequently, the court upheld the levy of the penalty against the assessee. Case-Laws Income Tax Wed, 29 Apr 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29140