https://www.taxtmi.com/caselaws?id=203225 Penalty under section 271(1)(c) was treated as sustainable where the assessee failed to explain cash credits, did not produce the creditors, and could not establish the genuineness of the transactions despite opportunity. The concealment finding was supported by material and was not shown to be perverse or erroneous, so the challenge to penalty failed. On those facts, the matter did not raise any substantial question of law under section 260A. en-us Tue, 19 Apr 2011 00:00:00 +0530 Fri, 13 May 2011 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203225 Penalty under section 271(1)(c) was treated as sustainable where the assessee failed to explain cash credits, did not produce the creditors, and could not establish the genuineness of the transactions despite opportunity. The concealment finding was supported by material and was not shown to be perverse or erroneous, so the challenge to penalty failed. On those facts, the matter did not raise any substantial question of law under section 260A. Case-Laws Income Tax Tue, 19 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203225