https://www.taxtmi.com/caselaws?id=57493 The Tribunal held that the assessee was the actual owner of Broad Acres Stud Farm and manipulated documents to reduce tax liability by falsely claiming ownership by his minor son. The penalty imposed by the ITO under section 271(1)(c) for concealing income was reinstated as the non-inclusion of income constituted concealment. The departmental appeal was allowed, overturning the CIT(A)'s decision. en-us Thu, 02 Feb 1995 00:00:00 +0530 Fri, 10 Dec 2010 14:51:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57493 The Tribunal held that the assessee was the actual owner of Broad Acres Stud Farm and manipulated documents to reduce tax liability by falsely claiming ownership by his minor son. The penalty imposed by the ITO under section 271(1)(c) for concealing income was reinstated as the non-inclusion of income constituted concealment. The departmental appeal was allowed, overturning the CIT(A)'s decision. Case-Laws Income Tax Thu, 02 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57493