https://www.taxtmi.com/caselaws?id=122416 The Tribunal upheld the penalty imposed under section 271(1)(c) for concealing income, confirming the decision of the CIT(A) and Assessing Officer. The penalty was levied based on the main provision of the section, disregarding the arguments raised by the assessee regarding the applicability of certain explanations. The appeal of the assessee was dismissed, and the penalty for concealment of income was upheld. en-us Tue, 30 Mar 2010 00:00:00 +0530 Tue, 23 Aug 2016 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122416 The Tribunal upheld the penalty imposed under section 271(1)(c) for concealing income, confirming the decision of the CIT(A) and Assessing Officer. The penalty was levied based on the main provision of the section, disregarding the arguments raised by the assessee regarding the applicability of certain explanations. The appeal of the assessee was dismissed, and the penalty for concealment of income was upheld. Case-Laws Income Tax Tue, 30 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122416