https://www.taxtmi.com/caselaws?id=62905 The Tribunal upheld penalties under Sections 271(1)(c) and 273(2)(a), finding the assessee's claims regarding commission payment and income estimates to be knowingly false. The penalties were upheld, with directions for the Assessing Officer to recalculate based on any relief granted in the quantum appeal. en-us Wed, 28 Sep 1994 00:00:00 +0530 Sat, 22 Jan 2011 14:56:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62905 The Tribunal upheld penalties under Sections 271(1)(c) and 273(2)(a), finding the assessee's claims regarding commission payment and income estimates to be knowingly false. The penalties were upheld, with directions for the Assessing Officer to recalculate based on any relief granted in the quantum appeal. Case-Laws Income Tax Wed, 28 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62905