https://www.taxtmi.com/caselaws?id=38668 The Tribunal held that the minimum penalty for concealment should be based on the tax that would have been avoided if the first return submitted had been accepted, despite a revised return being filed later. The court emphasized that a revised return can only be valid if errors in the original return were not deliberate. As deliberate concealment was found, the penalty was determined based on the initial return. The court referenced relevant cases and awarded costs to the department. en-us Thu, 29 Apr 1976 00:00:00 +0530 Thu, 08 Apr 2010 12:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38668 The Tribunal held that the minimum penalty for concealment should be based on the tax that would have been avoided if the first return submitted had been accepted, despite a revised return being filed later. The court emphasized that a revised return can only be valid if errors in the original return were not deliberate. As deliberate concealment was found, the penalty was determined based on the initial return. The court referenced relevant cases and awarded costs to the department. Case-Laws Income Tax Thu, 29 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38668