https://www.taxtmi.com/caselaws?id=76855 The Court upheld the penalty imposed under section 271(1)(c) of the Income-tax Act for the assessment year 1983-84. The appellant's varying income declarations and failure to disclose a significant amount before detection by the authorities led to the penalty. Despite the appellant's claim of disclosure under an amnesty scheme, the Court determined that the penalty was justified as voluntary disclosure should precede detection. The appeal was dismissed, affirming the Tribunal's decision on the minimum penalty under the Act. en-us Mon, 25 Feb 2008 00:00:00 +0530 Fri, 16 Sep 2011 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76855 The Court upheld the penalty imposed under section 271(1)(c) of the Income-tax Act for the assessment year 1983-84. The appellant's varying income declarations and failure to disclose a significant amount before detection by the authorities led to the penalty. Despite the appellant's claim of disclosure under an amnesty scheme, the Court determined that the penalty was justified as voluntary disclosure should precede detection. The appeal was dismissed, affirming the Tribunal's decision on the minimum penalty under the Act. Case-Laws Income Tax Mon, 25 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76855