In Dilip N. Shroff v. Joint Commissioner of Income Tax, Mumbai & Anr (Civil Appeal No. 2746 of 2007), the dispute centered around the imposition of a penalty under Section ... 271(1)(c) of the Income Tax Act for alleged concealment of income. Dilip N. Shroff, a businessman, filed his income tax returns, which were scrutinized by the Income Tax Department. The Joint Commissioner of Income Tax found discrepancies and imposed a penalty for concealment of income. Shroff contested the penalty, arguing that the discrepancies were due to a genuine mistake and not willful concealment or deliberate furnishing of inaccurate particulars.