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2010 (9) TMI 765 - HC - Income TaxPenalty imposed u/s 271(1)(c) for concealment of income. - Held that:- the assessee had disclosed amount at the time the search party was leaving the premises.It was further recorded that the time for filing ITR for AY 89-90 u/s 139(1) had not expired on the date of search and the assessee having disclosed the amount in the return filed for AY 1989-90 and paid all taxes, etc., could not be held to have concealed the particulars of income. decided in favour of Assessee.
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