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) ]

S. 271(1)(c) : Penalty – Concealment –Inaccurate particulars – Penalty is a civil liability – Concealment need not be wilful- Non disclosure of entire receipt from transaction was held to be liable to penalty .

S. 271(1)(c) : Penalty – Concealment –Assessment was determined as book profit under legal fiction , hence concealment penalty cannot be imposed [ S. 115JB ]

S. 271(1)(c): Penalty – Concealment -Admission of appeal by High Court -There can be no universal rule to the effect that no penalty can be levied if quantum appeal is admitted on a substantial question of law [ S.260A ]

S. 269SS : Acceptance of loans and deposits – Otherwise than by account payee cheque or account payee bank draft -Depositors were agriculturists and transactions were genuine – Penalty cannot be imposed [S.271D ]

S. 268A : Appeal– Monetary limits – Circular is not applicable where decision on principle is involved.[ S. 119 ]

S. 268A : Appeal– Monetary limits – Circulars are binding on department- Reference application was rejected [ S. 119 ]

S. 264 :Commissioner – Revision of other orders -Business expenditure -Real income -Non filing of revised return cannot be the ground to reject the application [ S. 37(i) ]

S. 263 : Commissioner – Revision of orders prejudicial to revenue – Educational expenses of director at abroad- Expenditure allowable or not requires greater scrutiny therefore revision was held to be justified [ S. 37(1) ]