https://www.taxtmi.com/caselaws?id=37277 The High Court directed the Tribunal to refer the question of law regarding the cancellation of a penalty imposed under section 271(1)(c) read with section 274 of the Income Tax Act, 1961. The Court emphasized the importance of considering all relevant evidence and circumstances in determining the validity of the penalty for concealment of income, highlighting the need for a comprehensive assessment before deciding on penalty cancellation. en-us Mon, 25 Sep 1978 00:00:00 +0530 Sat, 27 Mar 2010 17:15:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37277 The High Court directed the Tribunal to refer the question of law regarding the cancellation of a penalty imposed under section 271(1)(c) read with section 274 of the Income Tax Act, 1961. The Court emphasized the importance of considering all relevant evidence and circumstances in determining the validity of the penalty for concealment of income, highlighting the need for a comprehensive assessment before deciding on penalty cancellation. Case-Laws Income Tax Mon, 25 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37277