https://www.taxtmi.com/caselaws?id=215432 The High Court upheld penalties imposed under Section 271(1)(c) of the Income Tax Act for assessment years 2000-01, 2001-02, and 2002-03. Despite no revenue loss and resulting refunds, the court found tampering of records and income concealment justified penalties. The court dismissed the appeal, emphasizing the manipulation by the assessee and lack of merit in challenging the penalties. en-us Mon, 26 Mar 2012 00:00:00 +0530 Sat, 04 Aug 2012 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215432 The High Court upheld penalties imposed under Section 271(1)(c) of the Income Tax Act for assessment years 2000-01, 2001-02, and 2002-03. Despite no revenue loss and resulting refunds, the court found tampering of records and income concealment justified penalties. The court dismissed the appeal, emphasizing the manipulation by the assessee and lack of merit in challenging the penalties. Case-Laws Income Tax Mon, 26 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215432