https://www.taxtmi.com/caselaws?id=60331 The Tribunal, by majority decision, concluded that the assessee should be given the benefit of doubt and the penalties for concealment of income under section 271(1)(c) of the Income-tax Act, 1961, should be canceled. The dissenting opinion and the Third Member's agreement led to the conclusion that the penalty was not justified, resulting in the dismissal of the appeals of the assessee. en-us Thu, 12 Dec 1996 00:00:00 +0530 Fri, 21 Jun 2013 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60331 The Tribunal, by majority decision, concluded that the assessee should be given the benefit of doubt and the penalties for concealment of income under section 271(1)(c) of the Income-tax Act, 1961, should be canceled. The dissenting opinion and the Third Member's agreement led to the conclusion that the penalty was not justified, resulting in the dismissal of the appeals of the assessee. Case-Laws Income Tax Thu, 12 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60331