https://www.taxtmi.com/caselaws?id=29173 The court upheld the penalty for income concealment on all four heads, finding that there was sufficient evidence to support the concealment. It declined to address the application of the Explanation to s. 271(1)(c) as it was not raised during proceedings. Additionally, the court agreed with the Tribunal that the amended provisions of s. 271(1)(c) from April 1, 1968, did not apply to the case, as concealment occurred when the original return was filed. The Department prevailed on this issue, and each party was directed to bear their own costs. en-us Thu, 13 Nov 1980 00:00:00 +0530 Thu, 11 Mar 2010 12:33:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29173 The court upheld the penalty for income concealment on all four heads, finding that there was sufficient evidence to support the concealment. It declined to address the application of the Explanation to s. 271(1)(c) as it was not raised during proceedings. Additionally, the court agreed with the Tribunal that the amended provisions of s. 271(1)(c) from April 1, 1968, did not apply to the case, as concealment occurred when the original return was filed. The Department prevailed on this issue, and each party was directed to bear their own costs. Case-Laws Income Tax Thu, 13 Nov 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29173