Concealment penalty not justified if AO fails to prove that assessee furnished inaccurate particulars of income

 HIGH COURT OF JHARKHAND Commissioner of Income-tax, Ranchi versus Ashok Kumar Jain T.A. No. 39 of 2000 SEPTEMBER  5, 2012 ORDER 1. Heard learned counsel for the parties. 2. The following questions have been framed vide order dated 02.02.2001 :- (1)          Whether on the facts and in the circumstances of the case, the Tribunal is justified in holding that there is no concealment and that the upward revision of income, following detection of concealed income during the re-opening of the assessment absolves the penalty of assessee under Section 271(1)(c) of the Incom...