https://www.taxtmi.com/caselaws?id=68738 The Tribunal upheld the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961, agreeing that the revised return was invalid and the assessee furnished inaccurate particulars of income. The Tribunal found that the original return's lower income without proper documentation justified the penalty, as the revised income would have been determined under Section 44AD regardless. The appeal was dismissed, affirming the penalty for furnishing inaccurate particulars of income. en-us Wed, 10 Mar 2004 00:00:00 +0530 Tue, 18 Jun 2013 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68738 The Tribunal upheld the penalty imposed under Section 271(1)(c) of the Income-tax Act, 1961, agreeing that the revised return was invalid and the assessee furnished inaccurate particulars of income. The Tribunal found that the original return's lower income without proper documentation justified the penalty, as the revised income would have been determined under Section 44AD regardless. The appeal was dismissed, affirming the penalty for furnishing inaccurate particulars of income. Case-Laws Income Tax Wed, 10 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68738