Income Tax Department's Role: Ensuring Compliance, Not Fear, u/s 271(1)(c) for Concealment Penalties.

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....Penalty u/s 271(1)(c) - In our country’s legal and constitutional frame work, the role assigned to the income tax department is to act like a ‘watch dog’ to ensure that tax evasion is checked and legitimate tax collection is augmented, but not to act like a ‘scare crow’. - AT....