https://www.taxtmi.com/caselaws?id=37154 The court held that the provisions of Section 271(1)(iii) of the Income-tax Act, 1961, before its amendment with effect from April 1, 1968, were applicable to the case. The majority view emphasized that the offense of concealment is complete when the original return is filed, and subsequent returns do not constitute new offenses. The penalty was imposed based on the income finally determined in the appeal, and the assessee was entitled to costs. en-us Mon, 24 Sep 1979 00:00:00 +0530 Fri, 26 Mar 2010 18:39:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37154 The court held that the provisions of Section 271(1)(iii) of the Income-tax Act, 1961, before its amendment with effect from April 1, 1968, were applicable to the case. The majority view emphasized that the offense of concealment is complete when the original return is filed, and subsequent returns do not constitute new offenses. The penalty was imposed based on the income finally determined in the appeal, and the assessee was entitled to costs. Case-Laws Income Tax Mon, 24 Sep 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37154