https://www.taxtmi.com/caselaws?id=215151 The Tribunal upheld the penalties imposed under section 271(1)(c) of the Income Tax Act, 1961, on the assessee for concealing income and furnishing inaccurate particulars. The revised returns filed after the detection of undisclosed income were deemed non-voluntary, leading to the dismissal of appeals and confirmation of penalties. The Tribunal's decision was based on the deliberate concealment of income through undisclosed bank accounts and the lack of voluntariness in the revised returns post-detection. en-us Fri, 25 May 2012 00:00:00 +0530 Thu, 26 Jul 2012 09:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215151 The Tribunal upheld the penalties imposed under section 271(1)(c) of the Income Tax Act, 1961, on the assessee for concealing income and furnishing inaccurate particulars. The revised returns filed after the detection of undisclosed income were deemed non-voluntary, leading to the dismissal of appeals and confirmation of penalties. The Tribunal's decision was based on the deliberate concealment of income through undisclosed bank accounts and the lack of voluntariness in the revised returns post-detection. Case-Laws Income Tax Fri, 25 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215151