S. 271(1)(c) : Penalty – Concealment -Satisfaction was not recorded in absolute term – levy of penalty was held to be not justified . [ S. 274 ]

S.271(1)( c ): Penalty — Concealment- Allocation of common expenses – Not a case of filing of inaccurate particulars or concealment of income- Penalty cannot be imposed .

S. 271(1)(c) : Penalty – Concealment – Capital gains- Disclosed in the return filed pursuance of reassessment notice – Levy of penalty was held to be not justified [ S. 45, 148 ]

S. 271(1)(c): Penalty –Concealment – Wrong claim of depreciation by crediting capital subsidy to reserves instead of reducing from actual cost/ WDV does not attract the penalty

S. 271(1)(c) : Penalty – Concealment – Claim of deduction – Payable -Difference of opinion amongst High Court – Deletion of penalty was held to be justified . [ S. 40(a)(ia) ]

S. 271(1)(c) : Penalty – Concealment – Claim of deduction – Payable -Difference of opinion amongst High Court – Deletion of penalty was held to be justified . [ S. 40(a)(ia) ]

S. 271(1)(c) : Penalty – Concealment – Unaccounted sales and un explained cash credits –Quantum addition was up held by High Court -Levy of penalty was held to be justified . [ Explanation 1 ]

S. 271(1)(c) : Penalty – Concealment -Capital gains- Cancellation of agreement – Amount receivable in respect of land was not transferred, hence penalty cannot be levied . [ S.2(47) (v), 45 ]

S. 271(1)(c): Penalty –Concealment -Voluntary surrender of income after survey by filing a revised income does not save the assessee from levy of penalty for concealment of income in the original return if there is no explanation as to the nature of income or its source. Deletion of penalty was held to be not justified [ S. 133A ]

S. 271(1)( c ): Penalty — concealment-Notice need not specifically mention Explanation- Addition as unexplained investment- Levy of penalty was held to be justified [ S.159(6) ]