https://www.taxtmi.com/caselaws?id=29292 Penalty for concealment was held unsustainable where the Tribunal found that, although the addition to income was justified on the evidence, the material did not establish deliberate concealment or furnishing of inaccurate particulars. The High Court found no perversity in that appreciation of evidence and no lack of supporting material, so the finding that concealment was not proved was upheld and penalty was not leviable under the 1922 Income-tax Act. en-us Mon, 19 Apr 1982 00:00:00 +0530 Fri, 12 Mar 2010 10:25:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29292 Penalty for concealment was held unsustainable where the Tribunal found that, although the addition to income was justified on the evidence, the material did not establish deliberate concealment or furnishing of inaccurate particulars. The High Court found no perversity in that appreciation of evidence and no lack of supporting material, so the finding that concealment was not proved was upheld and penalty was not leviable under the 1922 Income-tax Act. Case-Laws Income Tax Mon, 19 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29292