https://www.taxtmi.com/caselaws?id=60900 The Tribunal partly allowed the appeal, directing the recomputation of the penalty under section 271(1)(c) based on the finally assessed income of Rs. 62,651, subject to verification of a credit of Rs. 10,140. While upholding the addition of Rs. 2,14,000 as concealed income, the Tribunal ensured that the penalty was calculated accurately based on the correct income amount. en-us Fri, 24 Feb 1995 00:00:00 +0530 Sat, 08 Jan 2011 14:48:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60900 The Tribunal partly allowed the appeal, directing the recomputation of the penalty under section 271(1)(c) based on the finally assessed income of Rs. 62,651, subject to verification of a credit of Rs. 10,140. While upholding the addition of Rs. 2,14,000 as concealed income, the Tribunal ensured that the penalty was calculated accurately based on the correct income amount. Case-Laws Income Tax Fri, 24 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60900