https://www.taxtmi.com/caselaws?id=61467 The Tribunal declined to refer a question of law to the High Court regarding the deletion of a penalty under section 271(1)(c) for concealment of income. The Tribunal found no deliberate attempt by the assessee to hide income based on discrepancies in accounts, leading to the deletion of the penalty. The Tribunal emphasized that the Revenue failed to establish concealment, resulting in the dismissal of the reference application to the High Court. en-us Mon, 13 May 1996 00:00:00 +0530 Wed, 12 Jan 2011 17:00:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61467 The Tribunal declined to refer a question of law to the High Court regarding the deletion of a penalty under section 271(1)(c) for concealment of income. The Tribunal found no deliberate attempt by the assessee to hide income based on discrepancies in accounts, leading to the deletion of the penalty. The Tribunal emphasized that the Revenue failed to establish concealment, resulting in the dismissal of the reference application to the High Court. Case-Laws Income Tax Mon, 13 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61467