https://www.taxtmi.com/caselaws?id=36077 The court held that penalty proceedings under section 271(1)(c) of the Income-tax Act require proof of mens rea. The assessee was found guilty of concealing income in one group but not in another, resulting in a reduced penalty. The court determined that the question referred to the High Court did not arise out of the Tribunal's order and declined to answer it. Each party was ordered to bear their own costs. en-us Fri, 31 Aug 1979 00:00:00 +0530 Fri, 19 Mar 2010 12:05:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36077 The court held that penalty proceedings under section 271(1)(c) of the Income-tax Act require proof of mens rea. The assessee was found guilty of concealing income in one group but not in another, resulting in a reduced penalty. The court determined that the question referred to the High Court did not arise out of the Tribunal's order and declined to answer it. Each party was ordered to bear their own costs. Case-Laws Income Tax Fri, 31 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36077