https://www.taxtmi.com/caselaws?id=62143 The ITAT partially allowed one appeal, dismissed another, and partially allowed two appeals regarding penalties imposed under sections 271(1)(c), 271(1)(a), 271(1)(b), and 273(b) for the assessment year 1971-72. Penalties were upheld for concealment of income, failure to file returns voluntarily, failure to produce books of accounts, and non-payment of advance tax. The penalties imposed were based on the non-disclosure of true income and were determined within the minimum and maximum penalty limits for each section to serve the interests of justice. en-us Thu, 24 Apr 1980 00:00:00 +0530 Tue, 18 Jan 2011 12:47:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62143 The ITAT partially allowed one appeal, dismissed another, and partially allowed two appeals regarding penalties imposed under sections 271(1)(c), 271(1)(a), 271(1)(b), and 273(b) for the assessment year 1971-72. Penalties were upheld for concealment of income, failure to file returns voluntarily, failure to produce books of accounts, and non-payment of advance tax. The penalties imposed were based on the non-disclosure of true income and were determined within the minimum and maximum penalty limits for each section to serve the interests of justice. Case-Laws Income Tax Thu, 24 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62143