https://www.taxtmi.com/caselaws?id=59857 The Tribunal upheld the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961, amounting to Rs. 24,183 for concealment of income during the assessment year 1978-79. The Tribunal found that the assessee failed to substantiate special commission expenses and omitted material facts necessary for income computation. The departmental appeal was allowed, affirming the penalty without interference in the quantum imposed. en-us Wed, 08 May 1985 00:00:00 +0530 Sat, 01 Jan 2011 14:39:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59857 The Tribunal upheld the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961, amounting to Rs. 24,183 for concealment of income during the assessment year 1978-79. The Tribunal found that the assessee failed to substantiate special commission expenses and omitted material facts necessary for income computation. The departmental appeal was allowed, affirming the penalty without interference in the quantum imposed. Case-Laws Income Tax Wed, 08 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59857