https://www.taxtmi.com/caselaws?id=38463 The Tribunal held that the penalty under section 271(1)(c) was not leviable due to the deletion of cash credits. It also determined that there was no clear case of concealment as the additions were fully deleted. The judgment was in favor of the assessee, disposing of the reference without costs. Both judges concurred with the decision. en-us Mon, 07 Feb 1977 00:00:00 +0530 Tue, 06 Apr 2010 13:30:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38463 The Tribunal held that the penalty under section 271(1)(c) was not leviable due to the deletion of cash credits. It also determined that there was no clear case of concealment as the additions were fully deleted. The judgment was in favor of the assessee, disposing of the reference without costs. Both judges concurred with the decision. Case-Laws Income Tax Mon, 07 Feb 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38463