2000 (10) TMI 29 - HC - Income Tax

Summary

The Delhi High Court ruled that a penalty under section 271(1)(c) could not be imposed on an assessee who agreed to be assessed on an income of Rs. 20,900. The court found that the Revenue failed to prove concealment, thus favoring the assessee. The judgment was delivered by Judges Arijit Pasayat and D. K. Jain.