1973 (1) TMI 7 - HC - Income Tax

Levy of penalty under section 28(1)(c) - concealment of Income - Whether in this case there was a finding by the Tribunal of concealment of Income

Summary

The Kerala High Court upheld the levy of penalty under section 28(1)(c) in a case involving concealment of income. The court relied on the findings of the Tribunal that established clear evidence of income suppression and upheld the penalty order. The judgment favored the department and directed each party to bear their own costs.