https://www.taxtmi.com/highlights?id=65608 Penalty u/s. 271(1)(c) - It cannot be said that assessee has concealed the particular income with the meaning of section 271(1)(c) of the Act or there is not deep concealment for attaining as specified u/s. 271(1)(c) - assessment proceedings and penalty proceedings are distinct and findings given in the assessment proceedings though it constitutes good evidence cannot be conclusive in the penalty proceedings. - AT en-us Tue, 13 Sep 2022 06:48:11 +0530 Tue, 13 Sep 2022 06:48:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65608 Penalty u/s. 271(1)(c) - It cannot be said that assessee has concealed the particular income with the meaning of section 271(1)(c) of the Act or there is not deep concealment for attaining as specified u/s. 271(1)(c) - assessment proceedings and penalty proceedings are distinct and findings given in the assessment proceedings though it constitutes good evidence cannot be conclusive in the penalty proceedings. - AT Highlights Income Tax Tue, 13 Sep 2022 06:48:11 +0530 https://www.taxtmi.com/highlights?id=65608