https://www.taxtmi.com/caselaws?id=36648 Penalty for concealment under section 271(1)(c) cannot be sustained merely on the basis of an assessment addition or estimate; the record must reasonably establish conscious concealment or deliberate furnishing of inaccurate particulars. Overwriting in daily collection sheets for two dates, without material linking it to the assessee or showing it was done under his authority, was insufficient to prove deliberate concealment. The section was therefore held not attracted, and the reference was answered in favour of the assessee. en-us Sat, 17 Nov 1979 00:00:00 +0530 Tue, 23 Mar 2010 16:19:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36648 Penalty for concealment under section 271(1)(c) cannot be sustained merely on the basis of an assessment addition or estimate; the record must reasonably establish conscious concealment or deliberate furnishing of inaccurate particulars. Overwriting in daily collection sheets for two dates, without material linking it to the assessee or showing it was done under his authority, was insufficient to prove deliberate concealment. The section was therefore held not attracted, and the reference was answered in favour of the assessee. Case-Laws Income Tax Sat, 17 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36648