https://www.taxtmi.com/caselaws?id=205233 The High Court held that the assessee concealed income details and was liable for penalty under Section 271(1)(c) of the Act due to providing inaccurate particulars of income regarding a gift from a Non-resident Indian. The Tribunal's decision to cancel the penalty was deemed unsustainable, and the initiation of penalty proceedings during the assessment process was found valid. As a result, the appeal by the revenue challenging the deletion of the penalty was allowed. en-us Tue, 15 Feb 2011 00:00:00 +0530 Tue, 07 Jun 2011 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205233 The High Court held that the assessee concealed income details and was liable for penalty under Section 271(1)(c) of the Act due to providing inaccurate particulars of income regarding a gift from a Non-resident Indian. The Tribunal's decision to cancel the penalty was deemed unsustainable, and the initiation of penalty proceedings during the assessment process was found valid. As a result, the appeal by the revenue challenging the deletion of the penalty was allowed. Case-Laws Income Tax Tue, 15 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205233