https://www.taxtmi.com/caselaws?id=69734 The Tribunal dismissed the appeal, confirming the penalty imposed by the IAC under Section 271(1)(c) of the IT Act, 1961. The decision emphasized the systematic suppression of income by the assessee, upheld the jurisdiction of the IAC, and found the evidence supporting the penalty to be sufficient. en-us Tue, 18 Mar 1980 00:00:00 +0530 Mon, 11 Apr 2011 17:49:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69734 The Tribunal dismissed the appeal, confirming the penalty imposed by the IAC under Section 271(1)(c) of the IT Act, 1961. The decision emphasized the systematic suppression of income by the assessee, upheld the jurisdiction of the IAC, and found the evidence supporting the penalty to be sufficient. Case-Laws Income Tax Tue, 18 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69734