https://www.taxtmi.com/caselaws?id=215096 The Tribunal upheld the penalty imposed under section 271(1)(C) for concealing income. The appellant's failure to disclose the sale of the plot resulted in the concealment of income, as determined by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals). The Tribunal found that the penalty was rightly imposed, as the appellant did not disclose the transaction voluntarily, leading to the dismissal of the appeal. en-us Fri, 29 Jun 2012 00:00:00 +0530 Mon, 23 Jul 2012 18:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215096 The Tribunal upheld the penalty imposed under section 271(1)(C) for concealing income. The appellant's failure to disclose the sale of the plot resulted in the concealment of income, as determined by the Assessing Officer and confirmed by the Commissioner of Income Tax (Appeals). The Tribunal found that the penalty was rightly imposed, as the appellant did not disclose the transaction voluntarily, leading to the dismissal of the appeal. Case-Laws Income Tax Fri, 29 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215096