https://www.taxtmi.com/caselaws?id=60166 Penalty under section 271(1)(c) was not justified where the assessee's non-disclosure arose from a bona fide dispute over ownership and taxability of income from the residential portion of property. The assessee had maintained that the property income belonged in the hands of other HUF assessees, and the record did not show suppression of primary facts. Mere rejection of that position by the Department did not establish concealment, so cancellation of the penalty was upheld. en-us Thu, 29 Jan 1981 00:00:00 +0530 Tue, 04 Jan 2011 11:12:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60166 Penalty under section 271(1)(c) was not justified where the assessee's non-disclosure arose from a bona fide dispute over ownership and taxability of income from the residential portion of property. The assessee had maintained that the property income belonged in the hands of other HUF assessees, and the record did not show suppression of primary facts. Mere rejection of that position by the Department did not establish concealment, so cancellation of the penalty was upheld. Case-Laws Income Tax Thu, 29 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60166