https://www.taxtmi.com/caselaws?id=56673 The Tribunal allowed all three appeals, setting aside the penalties imposed on the assessee for inaccurate income particulars and concealment for assessment years 1974-75 to 1976-77. The Commissioner (Appeals) was directed to re-examine the case in light of the Explanation to section 271(1)(c) before and after its amendment. The matter was restored for a fresh decision, with parties permitted to raise all points except the application of the Explanation before and after its amendment. en-us Sat, 23 Jun 1984 00:00:00 +0530 Mon, 06 Dec 2010 12:16:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56673 The Tribunal allowed all three appeals, setting aside the penalties imposed on the assessee for inaccurate income particulars and concealment for assessment years 1974-75 to 1976-77. The Commissioner (Appeals) was directed to re-examine the case in light of the Explanation to section 271(1)(c) before and after its amendment. The matter was restored for a fresh decision, with parties permitted to raise all points except the application of the Explanation before and after its amendment. Case-Laws Income Tax Sat, 23 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56673