https://www.taxtmi.com/caselaws?id=38288 The court directed the Tribunal to refer the question of law to the High Court for consideration regarding the cancellation of a penalty under section 271(1)(c) of the Income-tax Act, emphasizing the strict interpretation of the income-tax law and the burden on the assessee to prove non-deliberate concealment. The Tribunal's decision to cancel the penalty based on fabricated evidence supporting concealed income was challenged by the Commissioner of Income-tax. The court highlighted the detrimental impact of income concealment on the economy and upheld the need for a thorough examination of the matter by the High Court. en-us Mon, 22 Aug 1977 00:00:00 +0530 Mon, 05 Apr 2010 13:10:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38288 The court directed the Tribunal to refer the question of law to the High Court for consideration regarding the cancellation of a penalty under section 271(1)(c) of the Income-tax Act, emphasizing the strict interpretation of the income-tax law and the burden on the assessee to prove non-deliberate concealment. The Tribunal's decision to cancel the penalty based on fabricated evidence supporting concealed income was challenged by the Commissioner of Income-tax. The court highlighted the detrimental impact of income concealment on the economy and upheld the need for a thorough examination of the matter by the High Court. Case-Laws Income Tax Mon, 22 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38288