https://www.taxtmi.com/caselaws?id=205030 The ITAT confirmed the penalty under section 271(1)(c) for undisclosed transactions and deliberate attempts to avoid tax liabilities. The appellant's failure to appear for hearings and the maintenance of two sets of books showing undisclosed transactions led to the penalty being upheld. The court emphasized the direct attempt to hide income or provide inaccurate information to evade tax obligations, ultimately dismissing all appeals filed by the appellant. en-us Fri, 08 Oct 2010 00:00:00 +0530 Sat, 25 Aug 2012 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205030 The ITAT confirmed the penalty under section 271(1)(c) for undisclosed transactions and deliberate attempts to avoid tax liabilities. The appellant's failure to appear for hearings and the maintenance of two sets of books showing undisclosed transactions led to the penalty being upheld. The court emphasized the direct attempt to hide income or provide inaccurate information to evade tax obligations, ultimately dismissing all appeals filed by the appellant. Case-Laws Income Tax Fri, 08 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205030