https://www.taxtmi.com/caselaws?id=36322 The High Court upheld the Tribunal's decision in a case involving undisclosed income and penalty under the Income Tax Act. The court dismissed revenue's petitions seeking to refer questions of law, stating no deliberate concealment was proven by the assessee. The court emphasized the need for revenue to establish conscious concealment or deliberate furnishing of inaccurate particulars for imposing penalties, ultimately ruling in favor of the assessee and denying the revenue's applications. en-us Fri, 11 Jan 1980 00:00:00 +0530 Sat, 20 Mar 2010 16:41:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36322 The High Court upheld the Tribunal's decision in a case involving undisclosed income and penalty under the Income Tax Act. The court dismissed revenue's petitions seeking to refer questions of law, stating no deliberate concealment was proven by the assessee. The court emphasized the need for revenue to establish conscious concealment or deliberate furnishing of inaccurate particulars for imposing penalties, ultimately ruling in favor of the assessee and denying the revenue's applications. Case-Laws Income Tax Fri, 11 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36322