https://www.taxtmi.com/caselaws?id=204452 The High Court upheld the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 against the assessee for deliberately furnishing inaccurate particulars of income. The appeal was dismissed, and the penalty was sustained based on the assessee claiming the same amount twice without disclosing material facts, leading to a substantial tax default. The Tribunal found the penalty justified as the default was not technical or venial, affirming the lower authorities' decision. en-us Wed, 06 Apr 2011 00:00:00 +0530 Mon, 07 Nov 2011 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204452 The High Court upheld the penalty imposed under Section 271(1)(c) of the Income Tax Act, 1961 against the assessee for deliberately furnishing inaccurate particulars of income. The appeal was dismissed, and the penalty was sustained based on the assessee claiming the same amount twice without disclosing material facts, leading to a substantial tax default. The Tribunal found the penalty justified as the default was not technical or venial, affirming the lower authorities' decision. Case-Laws Income Tax Wed, 06 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204452