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of <h1>Court upholds penalty for failure to disclose income under Income Tax Act</h1> <h3>Rajpal Automobiles Versus Commissioner Of Income-Tax, Lucknow</h3> The High Court of Allahabad upheld a penalty of Rs. 8,228 imposed on Messrs. Rajpal Automobiles for the assessment year 1968-69 under s. 271(1)(c) of the ... Income Tax Act The High Court of Allahabad upheld a penalty of Rs. 8,228 imposed on Messrs. Rajpal Automobiles for the assessment year 1968-69 under s. 271(1)(c) of the I.T. Act. The court found the assessee guilty of gross negligence for failing to disclose income earned from the sale of a truck in the return. The court rejected the argument that illiteracy led to the omission, stating it required pleading and proof. The appeal was dismissed, and the revenue was awarded costs of Rs. 200.
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